NOT LISTED FOR SALE
2 Beds
2 Baths
985 Sq Ft
196,456 Sq Ft Lot

Last Sold February 24, 2023

Last sale price $3,850,000 $3,909 Per Sq Ft

47 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Side by Side Parking
  • Union Mine High School Rated A-
  • Cul-De-Sac
  • Landscaped

About This Home

As of February 2023

575 Racquet Way is a newly constructed 12-unit Apartment property sitting on a 4.51 Acre Lot. The additional land is zoned multifamily and entitled for an additional 24 units. Plans are included in the sale. The current unit mix consists of 12, 2bedroom/2bathroom 980 SF apartment units and the plans for the new construction mirrors the existing site. Please Call, email or text me for a marketing package.

Last Agent to Sell the Property

Matthew Sarro

Collier's International License #01942991 Listed on: 12/01/2022

Last Buyer's Agent

Alek Vasiliu

Banyan Properties License #02104137

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2021

Lot Details

  • 4.51 Acre Lot
  • Cul-De-Sac
  • Landscaped
  • Corner Lot

Home Design

  • Slab Foundation
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2-Story Property
  • Vinyl Flooring

Parking

  • 12 Parking Spaces
  • Side by Side Parking
  • Off-Street Parking

Utilities

  • Central Heating and Cooling System
  • Propane

Listing and Financial Details

  • Assessor Parcel Number 051-461-067

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 12 Units

Amenities

  • Laundry Facilities

Building Details

  • 12 Leased Units
  • 8 Units Leased Month-To-Month
  • Net Operating Income $155,683

Property Details

Home Type

Multi-Family

Year Built

Built in 2021

Lot Details

4.51 Acres

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments,Class A Building
  • Property Subtype 1: 5 or More Units
  • Stories: 2
  • Year Built: 2021
  • Stories: 2
  • ResoPropertyType: ResidentialIncome
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl

Exterior Features

  • Construction Materials: Concrete, Stucco, Other
  • Foundation: Slab
  • Listing Price: 4100000.00
  • Lot Features: Corner, Cul-De-Sac, Landscape Back, Landscape Front

Garage/Parking

  • Parking Features: Off Street, Side-by-Side
  • Total Parking Spaces: 12.00

Utilities

  • Security: Varies By Unit
  • Sewer: Sewer Connected
  • Utilities: Propane, Electric
  • Cooling: Central
  • Heating: Central, Other
  • Laundry Features: Washer/Dryer Owned
  • Water Source: Meter on Site, Other

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: El Dorado Union High

Lot Info

  • Zoning Description: MFR
  • Irrigation: Irrigation Available
  • Lot Size Acres: 4.5100
  • Lot Size Sq Ft: 196456.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Lease/Month to Month Mix
  • Total # Leasable: 12

Multi Family

  • Income Includes: Other
  • Number of Leased Units: 12
  • Number of Month to Month Units: 8
  • Number of Units: 12

Tax Info

  • Assessor Parcel Number: 051-461-067
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): El Dorado
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Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2023 02/24/23 Sold $3,850,000 -6.1% $3,909 / Sq Ft
01/17/2023 01/17/23 Pending -- -- --
12/01/2022 12/01/22 For Sale $4,100,000 -- $4,162 / Sq Ft
Source: MetroList

Agents Affiliated with this Home

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Source: MetroList

MLS Number: 222145392

MetroList
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