Active
2980 Coloma Street
Placerville CA, 95667
$1,900,000
Active
37 Beds
9 Baths
Multi-family
Built in 1875
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!
224039888
MLSⓇ ID
April 25, 2024
Updated
Map
2980 Coloma Street
Placerville CA, 95667
Interior Features
Total Stories
2
Bedrooms
37 Beds
Bathrooms
9 Baths
Fireplace
No
Cooling
Yes
Cooling Description
Ceiling Fan(s), Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.46 Acres
Architectual Style
Other
Sewer
Public Sewer
School Information
School District
Placerville Union
Other Property Details
Area Name
12701
Garage
No
View
No
County
El Dorado
Pool
No
Zoning
R106
Buyer Agency Compensation
2.5%
Courtesy of Collier's International CA, Inc., Matthew Sarro,
Listing Contact:
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