2980 Coloma ST Active Save Request In-Person Tour Request Virtual Tour
Placerville,CA 95667
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 224039888
Year Built 1875
Lot Size 0.460 Acres
Property Description
$250,000 Price reduction*** 10% Cap rate on actuals! This is a very unique opportunity. This is not an apartment complex, although it is ran just like an apartment community. The Subject property consists of two separate buildings. 1) is a 6bedroom/3.5 Bath single family home that is on a master lease for $1500 a month. Rent could be more like $3,000! building #2) is a 31 bedroom, 6 bathroom structure that is rented by the room. Rents range from $500-$650 per bedroom. There is an on-site manager that does all of the management for the owner and is willing to stay. The building includes a back yard community garden area, a common area commercial sized shared kitchen with 16 refrigerators. There are vending machines, storage lockers and a laundry facility on-site. The building is very quiet and well kept. There is a walking path to Downtown Placerville which is only a stones throw away! This building is a cash cow and consistently remains occupied due to the affordability and location. Priced to sell!
Location
State CA
County El Dorado
Area 12701
Interior
Heating Central,Varies by Unit
Cooling Ceiling Fan(s),Central
Flooring Varies by Unit
Laundry Washer/Dryer Owned
Exterior
Parking Features Street
Utilities Available Natural Gas Connected,Electric
Building
Lot Description Other
Story 2
Foundation Concrete
Sewer Public Sewer
Water Meter on Site
Schools
Elementary Schools Placerville Union
Middle Schools Placerville Union
High Schools El Dorado Union High
School District El Dorado
Others
Special Listing Condition None