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Listing Details

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On Site
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On Market
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MLS #
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Neighborhood
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School Ratings & Info

Description

Gross Rent UP TO $82,200 for a $780,000 Property, that is over a 10% gross rent of the sale price, which is almost impossible to find these days. There is still a lot of upside in Rents, if get all 9 Units at $850 you are looking at $91,800 a year income. Nice 9 units in center of Marysville. Strong cash flow and rents can go up, Just rented unit for $795 so upside is there for the rest of the units, from 10% to 30% increase over next few years. Building a good condition, and well mentioned. Property Manager is local and is ready to keep this cash flowing for new buyer as well. All units are in center of building, and doors are locked to keep all safe and quiet.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-21T12:27:12.83. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
www.sellinglasouthbay.com/homes/118064510
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611 E Street Marysville, CA 95901

  • Price: $780,000
  • Status: Active
  • Updated: 58 min ago
  • ID#: 21746856
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Beds
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Baths
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½ Baths
N/A
Acres
Neighborhood:
MP7 - Mariposa 7
County:
Other County
Area:
MP7 - Mariposa 7
Property Description
Gross Rent UP TO $82,200 for a $780,000 Property, that is over a 10% gross rent of the sale price, which is almost impossible to find these days. There is still a lot of upside in Rents, if get all 9 Units at $850 you are looking at $91,800 a year income. Nice 9 units in center of Marysville. Strong cash flow and rents can go up, Just rented unit for $795 so upside is there for the rest of the units, from 10% to 30% increase over next few years. Building a good condition, and well mentioned. Property Manager is local and is ready to keep this cash flowing for new buyer as well. All units are in center of building, and doors are locked to keep all safe and quiet.
Exterior Features

Parking Features Driveway

Interior Features

Cooling None Cooling YN No

Property Features

Gross Income 71400 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 50748 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 100

Listing provided courtesy of Jason Hurst of Egl Properties Incorporated


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-21T12:27:12.83. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
 
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Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay
23670 Hawthorne Blvd. #100
Torrance CA, 90505