$500,000
$550,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
1.63 Acres Lot
SOLD DATE : 11/20/2023
Key Details
Sold Price $500,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 223080574
Sold Date 11/20/23
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1966
Lot Size 1.630 Acres
Acres 1.63
Property Description
Reduced significantly. MUST SELL NOW. Sellers are ready to move-on asap. This will only be available for very little time so don't wait or you will miss out. Rare opportunity to own a riverfront 6-plex with 32 RV spaces. This property has tremendous upside, the occupancy is low so a ton of value can be added just by raising the occupancy. Without raising any rents, the proforma cap rate is 16.14%. 18 spaces can be used long-term, and 14 spaces can be used short-term. The exterior of the 6-plex is newly painted, has new signage around the property, tree work, and other miscellaneous upgrades. Don't miss out on this excellent opportunity to own a riverfront multifamily property.
Location
State CA
County Tehama
Area 15000
Direction From 99 take Aramayo Way, turn right onto Tehama View Dr. Park is on the right side.
Interior
Heating Wall Furnace
Cooling Other
Flooring Vinyl, Other
Laundry Other
Exterior
Garage Open
Utilities Available Other
Water Access Desc Well
View Bridges, River, Hills, Water
Total Parking Spaces 32
Building
Lot Description Other
Foundation Raised
Sewer Septic System
Water Well
Schools
Elementary Schools Other
Middle Schools Other
High Schools Other
School District Tehama
Others
Senior Community No
Tax ID 066-140-007-000
Special Listing Condition None
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1610 R Street, Sacramento, California, 95811, United States