Active
2980 Coloma Street
Placerville CA, 95667
$1,500,000
$7,500.00 per sqft
Active
37 Beds
9 Baths
200 sqft
Multi-family
Built in 1875
$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!
224039888
MLSⓇ ID
April 19, 2024
Listed
October 1, 2024
Updated
Map
2980 Coloma Street
Placerville CA, 95667
Interior Features
Total Stories
2
Bedrooms
37
Total Bathrooms
9
Full Bathrooms
9
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Ceiling Fan(s)
Heating
Yes
Heating Description
Central, Varies by Unit
Exterior/Building Features
Lot Size
0.46 Acres
Lot Features
Other
Architectual Style
Other
Sewer
Public Sewer
School Information
School District
Placerville Union
Other Property Details
Garage
No
Parking
On Street
View
No
County
El Dorado
Pool
No
Zoning
R106
Listing History
Date | Event | Price |
|---|---|---|
8/26/2024 | Price change | $1,500,000 -15% |
6/18/2024 | Price change | $1,750,000 -8% |
Courtesy of Collier's International CA, Inc., Matthew Sarro,
Listing Contact:
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