2980 Coloma ST, Placerville, CA 95667 - MLS#224039888

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$1,500,000

Est. payment - /mo

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0.46 Acres Lot

Price Dropped by $250K

2980 Coloma ST Placerville, CA 95667

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Erin Sanders

erin@folsomrealty.com +1(916) 807-0300

UPDATED:

08/26/2024 03:35 PM

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 224039888

HOA Y/N No

Originating Board MLS Metrolist

Year Built 1875

Lot Size 0.460 Acres

Acres 0.46

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

Direction Placerville, Corner of Coloma Street and High Street

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

Water Access Desc Meter on Site

Building

Lot Description Other

Story 2

Foundation Concrete

Sewer Public Sewer

Water Meter on Site

Architectural Style Other

Schools

Elementary Schools Placerville Union

Middle Schools Placerville Union

High Schools El Dorado Union High

School District El Dorado

Others

Senior Community No

Tax ID 001-161-027

Special Listing Condition None

Listed by Collier's International CA, Inc.

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Erin Sanders

Broker | CA DRE#01973946

+1(916) 807-0300

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2980 Coloma ST Placerville, CA 95667

Erin Sanders

Key Details

Location

Interior

Exterior

Building

Schools

Others

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2980 Coloma ST