317 5th Street
$1,475,000
3
2
9,920
9,920
$149
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...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.
- Listed by James Nabers • DRE #02231233 • Ken Turton, BrokerP: (916)-817-0140 haydennabers@turtoncom.com
Property Details for 317 5th Street
Parking Features
Street
ZoningC-2
LISTING UPDATED: 10/22/2024 01:48 PM
Property Details for 317 5th Street
Status | Active |
---|---|
MLS # | 224117319 |
Days on Compass | 31 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / 5 or More Units |
Year Built | 1908 |
Lot Size | 0.15 AC / 6,573 SF |
County | Yuba County |
Building Information for 317 5th Street
Stories2Residences8Year Built1908Building Size-Lot Size0.15 AC / 6,573 SF
Property Information for 317 5th Street
Property History for 317 5th 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 317 5th Street
Taxable ValueLand$55,774Additions$273,299Total$329,073
Tax Record2024$5,779 ($482 / month)
Home Facts
Total Finished SqFt9,920 SqFtAbove Grade Finished SqFt9,920 SqFtStories2Lot Size6,568 SqFtStyleQuadraplexYear Built1908Year Renovated1925ZoningC-2CountyYUBAAPN010-182-006-000
Schools near 317 5th Street
This home is within Marysville Joint Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 8 |
Rating | School | Distance |
---|---|---|
Covillaud Elementary School PublicK to 5 | ||
Anna McKenney Intermediate School Public6 to 8 | ||
Marysville High School Public9 to 12 | ||
Paragon Collegiate Academy CharterK to 8 |
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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