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    1001 5th Street

    Lincoln, CA 95648
    • $1,450,000
    • STATUS: Active
    • ON SITE: 180 Days
    • MLS #: 221038631
    $1,450,000
    • 0
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    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.

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    © 2021 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2021-10-18T23:38:54.75. MetroList® MLS Terms of Use. IDX provided by BoomTown.
    www.debbrittan.com/homes/116324381
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    1001 5th Street Lincoln, CA 95648

    • Price: $1,450,000
    • Status: Active
    • MLS #: 221038631
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    1960
    Built
    Neighborhood:
    WestLinc W:Hwy65/N:&W:&S:Cty lim
    County:
    Placer
    Area:
    WestLinc W:Hwy65/N:&W:&S:Cty lim
    Elementary School:
    Western Placer
    Middle School:
    Western Placer
    High School:
    Western Placer
    School District:
    Placer
    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.
    Exterior Features

    Carport Spaces 0 Construction Materials Wood Covered Spaces 0 Foundation Concrete Independent Parking Spaces 0 Lot Features Court Num Of Floors 1 Num Of Guest Spaces 0 Open Parking Spaces 0 Parking Features Off Street Tandem Parking Spaces 0 Total Parking Spaces 0

    Interior Features

    Cooling Window Unit(S) Flooring LinoleumWood Heating Wall Furnace Laundry Features Coin Operated Num Of Rooms 0 Num Of Studio Units 1 Num Of1 Bedroom Units 6 Num Of2 Bedroom Units 1 Num Of3 Bedroom Units 0 Num Of4 Bedroom Units 0 Unit1 Approx Sq Ft 800 Unit1 Bedrooms 2 Unit1 Full Baths 1 Unit1 Partial Baths 0 Unit1 Rent 1295 Unit1 Rooms 4 Unit2 Approx Sq Ft 0 Unit2 Bedrooms 0 Unit2 Full Baths 0 Unit2 Partial Baths 0 Unit2 Rent 0 Unit2 Rooms 0 Unit3 Approx Sq Ft 0 Unit3 Bedrooms 0 Unit3 Full Baths 0 Unit3 Partial Baths 0 Unit3 Rent 0 Unit3 Rooms 0 Unit4 Approx Sq Ft 0 Unit4 Bedrooms 0 Unit4 Full Baths 0 Unit4 Partial Baths 0 Unit4 Rent 0 Unit4 Rooms 0

    Property Features

    1 Bedroom Annual Occupancy 0 2 Bedroom Annual Occupancy 0 3 Bedroom Annual Occupancy 0 4 Bedroom Annual Occupancy 0 Association Fee 0 Association YN No Electric 220 Volts Elevation 0 Income Includes Rent Only Irrigation Meter On Site Lease Deposit 0 Num Of Commercial Units 0 Operating Expense Includes Other Property Subtype 5 Or More Units Property Type Residential Income Sewer Public Sewer Special Listing Conditions None Studio Annual Occupancy 0 Subtype Description Apartments Tenant Pays Other Utilities City Water Source Meter On Site Zoning R-3

    Listing provided courtesy of Ken Turton, Broker. Listing information © 2021 MetroList Services, Inc.


    © 2021 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2021-10-18T23:38:54.75. MetroList® MLS Terms of Use. IDX provided by BoomTown.
     
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    Deb Brittan Team | eXp Realty
    2603 Camino Ramon Ste 200
    San Ramon CA, 94583