Active

2980 Coloma Street

Placerville CA, 95667

$1,750,000


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 19, 2024

Listed

July 13, 2024

Updated

Map

2980 Coloma Street
Placerville CA, 95667

Interior Features

Total Stories

2


Bedrooms

37


Total Bathrooms

9


Full Bathrooms

9


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%

Listing History

Date

Event

Price

6/18/2024

Price Change

$1,750,000

-8%

Courtesy of Collier's International CA, Inc., Matthew Sarro,
Listing Contact:  

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