$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!
The median home value in Placerville, CA is $502,000. This is lower than the county median home value of $650,100. The national median home value is $338,100. The average price of homes sold in Placerville, CA is $502,000. Approximately 58.42% of Placerville homes are owned, compared to 35.67% rented, while 5.92% are vacant. Placerville real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Placerville real estate agent to arrange a tour today!
Placerville, California 95667 has a population of 10,777. Placerville 95667 is less family-centric than the surrounding county with 24.75% of the households containing married families with children. The county average for households married with children is 30.32%.
The median household income in Placerville, California 95667 is $64,348. The median household income for the surrounding county is $88,770 compared to the national median of $69,021. The median age of people living in Placerville 95667 is 43.3 years.
The average high temperature in July is 92.5 degrees, with an average low temperature in January of 36 degrees. The average rainfall is approximately 38.9 inches per year, with 1.7 inches of snow per year.