Seller's Agent in 2019
Sandeep Sahota
Origin S Group Inc.
(916) 827-0083
214 E 13th St Marysville, CA 95901
6
Beds
4
Baths
2,500
Sq Ft
25,265
Sq Ft Lot
About This Home
As of September 2019Casa Milano Apartments is a 28-unit, 100% Occupied two story multi-family property located in Marysville, CA. The property consists of (3) studio/one-bathroom units with approximately 500 square feet, (23) one-bedroom/one-bathroom units with approximately 550 square feet, and (2) two-bedroom/one-bathroom with approximately 700 square feet. A majority of the units having recently upgraded interiors with new cabinets, countertops, appliances, and vinyl flooring. The property also has many exterior improvements such as new paint, updated landscaping, and a cast-iron entry gate. Casa Milano Apartments offers an exceptional value-add investment opportunity with a proven upside strategy bringing rents up to market which would equate to 8.14% cap rate, and adding additional revenue by implementing RUBS.
Last Agent to Sell the Property
Origin S Group Inc. License #01841240 Listed on: 06/06/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1976
Lot Details
- 25,265 Sq Ft Lot
Parking
- 1 Parking Space Included
Home Design
- Flat Roof Shape
Interior Spaces
- 2-Story Property
- Leased Washer and Dryer
Utilities
- Window Unit Cooling System
- Floor Furnace
Listing and Financial Details
- Tenant pays for cable tv electricity
- Assessor Parcel Number 009-234-014
Community Details
Overview
- No Home Owners Association
- 28 Units
Building Details
- 28 Leased Units
- Operating Expense $86,522
- Net Operating Income $143,971
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/06/2019 09/06/19 | Sold | $2,200,000 | -4.3% | $880 / Sq Ft |
| 06/20/2019 06/20/19 | Pending | -- | -- | -- |
| 06/06/2019 06/06/19 | For Sale | $2,300,000 | -- | $920 / Sq Ft |
Source: MetroList
Agents Affiliated with this Home
-
Sandeep Sahota
-
Jason Spence
Buyer's Agent in 2019
Jason Spence
Century 21 Select Real Estate
(209) 914-0485
112 Total Sales
Map
Source: MetroList
MLS Number: 19039288
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