317 5th ST new Save Request In-Person Tour Request Virtual Tour
Marysville,CA 95901
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 9,920 sqft
Price per Sqft $148
MLS Listing ID 224117319
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1908
Lot Size 6,573 Sqft
Acres 0.1509
Property Description
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 roughly 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 washer/dryers, HVAC wall units, and dishwashers, making it a highly desirable residence for tenants. The thoughtful inclusion of these amenities, along with the spacious layouts ideally suited for families or those that want to share costs, contributes to the property's competitive edge in the market. Priced at $184,375 per door, with a total valuation of $1,475,000 reflecting a 6.5% capitalization rate, the investment is underscored by a Net Operating Income of $95,875. 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.
Location
State CA
County Yuba
Area 12502
Direction 317 5th Street, Marysville
Interior
Heating Wall Furnace
Cooling Window Unit(s)
Flooring Carpet,Wood
Laundry In Each Unit
Exterior
Garage Street
Utilities Available Cable Available,Natural Gas Connected,Electric,Internet Available
Water Access Desc Public
Building
Lot Description Curb(s)
Foundation BrickMortar
Sewer Public Sewer
Water Public
Schools
Elementary Schools Marysville Joint
Middle Schools Marysville Joint
High Schools Marysville Joint
School District Yuba
Others
Senior Community No
Tax ID 010-182-006-000
Special Listing Condition Other