2980 Coloma Street, Placerville, CA
$1,900,000
0.46
Acres
About 2980 Coloma Street
7.5% 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!
Facts & Features
MLS® # | 224039888 |
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Listed Price | $1,900,000 |
Acres | 0.46 |
Year Built | 1875 |
Type | Residential Income |
Sub-Type | 5 or More Units |
Style | Other |
Status | Active |
Unit 1 Information
Rent | $650 |
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Bedrooms | 37 |
Bathrooms | 9 |
Square Footage | 200 |
Community Information
Address | 2980 Coloma Street |
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Area | 12701 |
City | Placerville |
County | El Dorado |
State | CA |
Zip Code | 95667-4436 |
Amenities
Parking | Street |
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Has Pool | No |
Interior
Interior | Varies by Unit |
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Heating | Central,Varies by Unit |
Cooling | Ceiling Fan(s),Central |
Fireplace | No |
Exterior
Lot Description | Other |
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Foundation | Concrete |
School Information
District | El Dorado Union High |
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Elementary | Placerville Union |
Middle | Placerville Union |
High | El Dorado Union High |
Additional Information
Date Sold | April 19th, 2024 |
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Zoning | R106 |
Listing Details
Office | Collier's International CA, Inc. |
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