2980 Coloma Street
$1,500,000
37
9
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Description
$250,000 Price reduction 10% 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...$250,000 Price reduction 10% 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!
- Listed by Matthew Sarro • DRE #01942991 • Collier's International CA, Inc.P: (916)-616-5267 matt.sarro@colliers.com
Property Details for 2980 Coloma Street
Parking Features
Street
Architectural StyleOther
ZoningR106
LISTING UPDATED: 08/26/2024 08:35 AM
Property Details for 2980 Coloma Street
Status | Active |
---|---|
MLS # | 224039888 |
Days on Compass | 252 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / 5 or More Units |
Year Built | 1875 |
Lot Size | 0.46 AC / 20,037 SF |
County | El Dorado County |
Building Information for 2980 Coloma Street
Stories2Residences37Year Built1875Building Size-Lot Size0.46 AC / 20,037 SF
Property Information for 2980 Coloma Street
Property History for 2980 Coloma Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2980 Coloma Street
Taxable ValueLand$223,101Additions$250,990Total$474,091
Tax Record2023$5,579 ($465 / month)
Home Facts
Lot Size20,037 SqFtStyleQuadraplexYear Built1875Year Renovated1910ZoningR106CountyEL DORADOAPN001-161-027-000
Schools near 2980 Coloma Street
This home is within El Dorado Union High School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 5 |
Rating | School | Distance |
---|---|---|
Sierra Elementary School PublicK to 5 | ||
Edwin Markham Middle School Public6 to 8 | ||
El Dorado High School Public9 to 12 | ||
Louisiana Schnell Elementary School PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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