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 |
|---|---|
| Price | $1,900,000 |
| Acres | 0.46 |
| Year Built | 1875 |
| Type | Residential Income |
| Sub-Type | 5 or More Units |
| Style | Other |
| Status | Active |
Community Information
| Address | 2980 Coloma Street |
|---|---|
| Area | 12701 |
| City | Placerville |
| County | El Dorado |
| State | CA |
| Zip Code | 95667-4436 |
Amenities
| Parking | Street |
|---|---|
| Has Pool | No |
Interior
| Interior | Varies by Unit |
|---|---|
| Heating | Central,Varies by Unit |
| Cooling | Ceiling Fan(s),Central |
| Fireplace | No |
Exterior
| Lot Description | Other |
|---|---|
| Foundation | Concrete |
School Information
| District | El Dorado Union High |
|---|---|
| Elementary | Placerville Union |
| Middle | Placerville Union |
| High | El Dorado Union High |
Additional Information
| Zoning | R106 |
|---|
Listing Details
| Office | Collier's International CA, Inc. |
|---|