Address
1001 5th St Lincoln, CA
Price
$ 1,450,000
Property Attributes
  • MLS#221038631
  • TypeIncome
  • CountyPLACER
  • CityLincoln
  • Area12202
  • Zip95648
  • Style
  • Price$ 1,450,000
  • Bedrooms2
  • Full Bathrooms1
  • Half Bathrooms0
  • Lot Size0.3 Acres
Listing Provided Courtesy Of:
Zachary W. Hooker CalBRE# - 02013574 with Ken Turton, Broker
Data Source:
California Metrolist Inc
Property Description

The Subject Property presents a stabilized-income opportunity with a favorable unit mix of SIX one-bedrooms, ONE studio and ONE two-bedroom unit. Below market rents and instituting RUBs offers potential for immediate upside. Nicely cared for complex with pride of ownership in high growth Placer County market. The year-one capitalization rate based on a $1,450,000 purchase price is 4.15% with proforma capitalization rate of 6.72% achievable by steadily increasing the below market rents. Priced at approximately $181,250 per door, this one-of-a-kind property is below replacement cost and a great long-term and stable investment. The property currently generates a gross annual income of $99,120, inclusive of RUBS to be implemented by Buyer, and a net operating income of $60,238.

Price History
4/21/2021 Listed $1,450,000

General Features

Association Y/N No
Construction Materials Wood
Cooling Window Unit(s)
Electric 220 Volts
Elementary School District Western Placer
Flooring Linoleum, Wood
Heating Wall Furnace
High School District Western Placer
MLS Area 12202
Parking Features Off Street
Property SubType 5 or More Units
Property Type Residential Income
School District (county) Placer
Sewer Public Sewer
Status Active
Subtype Description Apartments
Total Units 8
Zoning Description R-3

Interior Features

Floors 1
Laundry Features Coin Operated
Total Stories 1
Unit 1 # Of Rooms 4
Unit 1 Approx Sqft 800
Unit 1 Bedroom Units Total 6
Unit 1 Bedrooms 2
Unit 1 Full Baths 1
Unit 1 Rent 1295
Unit 1 Sqft Source Owner
Unit 2 Bedroom Units Total 1
Unittypestudiounitstotal 1

Exterior Features

Foundation Details Concrete
Lot Features Court
Lot Size Acres 0.3000
Lot Size Source Assessor Auto-Fill
Lot Size Square Feet 13068
Number of Buildings 2
Water Source Meter on Site

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 95648

Price
AVG $1.45M
$1.45M
Visits
AVG 31
30
Year Built
AVG 1960
1960

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.