$1,650,000 Price Analysis    ♡   Marysville, CA 95901 19 bed 1 bath 1,150 SqFt ($1434/SqFt) 6,573SqFt lot. Built 1908 Listed 2024-05-29, Taxes $3,677 | Ⓧ USDA Ineligible due to price & location near Marysville |
Turton Commercial Real Estate is proud to present 317 5th Street
A multifamily investment property located in the historic heart of Marysville. This distinguished complex boasts 8 units, each offering 1, 200 SF of living space, comprised of 5 two-bedroom one-bathroom apartments and 3 three-bedroom one-bathroom apartments. A significant renovation in 2020 upgraded the property with modern amenities including in-unit washr/dryers, HVAC wall units and dishwashers, making it a highly desirable residence for tenants. The thoughtful inclusion of these amenities, along with the roomy layouts ideally suited for families or those that want to share costs, contributes to the property's competitive edge in the market.
Priced at $206, 250 per door, with a total valuation of $1, 650, 000 reflecting a 6% capitalization rate, the investment is underscored by a Net Operating Income of $98, 974. This includes considerations for pro-forma property taxes and a 3% vacancy reserve, in a market with a current vacancy rate of 5.3%. The recent renovations suggest that the new owner is likely to face fewer immediate, significant deferred maintenance or improvement costs, enhancing the property's appeal.
Presented by James Nabers at
Ken Turton, Broker.
Property MLS #224057878 from MetroList
Heating Features: Wall Furnace
Lot Dimensions Source: Acres
Lot Size Acres: 0.1509
Lot Size Square Feet: 6573
Calculated Total Monthly Association Fees: 0
Number of 2 Bedroom Units: 5
Number of 3 Bedroom Units: 3
Bedrooms in Unit-1: 3
Full Bathrooms in Unit-1: 1
Total Rooms in Unit-1: 3
Unit-1 Square Feet: 1150
Unit 1 Total Actual Rent: 1495
High School District: Marysville Joint
Middle or Junior School District: Marysville Joint
Map directions Map directions Map directions Map directionsNumber of Units Leased: 5
County: Yuba
Cross Street: D Street
Directions: The Property is located on the corner of 5th and D Street.
Disclaimer: All measurements and 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. Copyright 2024, MetroList Services, Inc. Any offer of compensation in the real estate content on this site is made exclusively to Broker Participants of the MetroList MLS & Broker Participants of any
Source Property Type: Residential Income
Area: 12502
Source Neighborhood: 12502
Parcel Number: 010-182-006-000
Zoning: C-2
Property Subtype: Apartments
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $262,688 + $53,609 $316,297 | $3,677 |
| 2021 | $257,538 + $52,558 $310,096 | $3,920 |
| 2020 | $254,898 + $52,020 $306,918 | $3,867 |
| 2019 | $249,900 + $51,000 $300,900 | $8,831 |
| 2018 | $145,000 + $30,000 $175,000 | $2,106 |
| 2017 | $145,000 + $30,000 $175,000 | $2,082 |
| 2016 | $145,000 + $30,000 $175,000 | $2,107 |
| 2015 | $145,000 + $30,000 $175,000 | $2,094 |
| 2014 | $145,000 + $30,000 $175,000 | $2,104 |
| 2013 | $145,000 + $30,000 $175,000 | $2,103 |
| 2012 | $145,000 + $30,000 $175,000 | $2,096 |
| 2010 | $145,000 + $30,000 $175,000 | $5,667 |
| 2009 | $441,631 + $55,203 $496,834 | $5,697 |
| 2009 | $440,584 + $55,072 $495,656 | $5,697 |
| 2008 | $432,972 + $54,121 $487,093 | $5,179 |
| 2007 | $424,483 + $53,060 $477,543 | $5,067 |
$1,650,000
MetroList
Listing removed 2023-03-09
$0
bridgeMLS
Listed 2022-03-09
$2,128,000
bridgeMLS
Sold 2018-03-27
$295,000
MetroList
Listed 2018-02-26
$279,000
MetroList
Listing removed 2010-05-04
$199,900
MetroList
Listed 2010-03-04
$199,900
MetroList
Listing removed 2010-01-21
$259,900
MetroList
Price Changed 2009-10-18
$259,900
MetroList
Price Changed 2009-07-16
$284,900
MetroList
Price Changed 2009-06-09
$299,000
MetroList
Price Changed 2009-05-23
$310,000
MetroList
Price Changed 2009-05-09
$319,900
MetroList
Price Changed 2009-04-23
$334,900
MetroList
Relisted 2009-04-04
$350,000
MetroList
Listing removed 2009-02-22
$375,000
MetroList
Listed 2009-02-18
$375,000
MetroList
Sold 2003-09-11
$450,000
Public Record
Sold 2003-01-27
$215,000
Public Record
Sold 2000-02-02
$245,000
Public Record
Construction Materials: Brick
Foundation Details: Brick/Mortar
Property Age: 116
Levels or Stories: 2
Structure Type: 5 or More Units
Cable Available
Natural Gas Connected
Electric
Internet Available
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.