Turton Commercial Real Estate is proud to present 317 5th Street, a multifamily investment property located in the historic heart of Marysville. This distinguished complex boasts 8 units, each offering roughly 1,200 SF of living space, comprised of 5 two-bedroom one-bathroom apartments and 3 three-bedroom one-bathroom apartments. A significant renovation in 2020 upgraded the property with modern amenities including in-unit washer/dryers, HVAC wall units, and dishwashers, making it a highly desirable residence for tenants. The thoughtful inclusion of these amenities, along with the spacious layouts ideally suited for families or those that want to share costs, contributes to the property's competitive edge in the market. Priced at $184,375 per door, with a total valuation of $1,475,000 reflecting a 6.5% capitalization rate, the investment is underscored by a Net Operating Income of $95,875. This includes considerations for pro-forma property taxes and a 3% vacancy reserve, in a market with a current vacancy rate of 5.3%. The recent renovations suggest that the new owner is likely to face fewer immediate, significant deferred maintenance or improvement costs, enhancing the property's appeal.
Duplex near Beales Air Force Base and Yuba College.
Duplex near Yuba College and Beale Air Force Base. Great investment opportunity.
Prime Investment: 18-Unit Multifamily Property with Expansion Potential Secure a steady cash flow with this turnkey 18-unit multifamily investment, currently fully occupied. Current gross rent is $24,750. This offering comprises a 3 bed/1 bath and 2 bed/1 bath duplex, plus four 4-unit buildings, each featuring 2 bed/1 bath layouts. Capitalize on the spacious 1.45-acre lot, with room to potentially expand, boosting your ROI. Recent updates include new roofs, ensuring low maintenance. Tenants enjoy individual hot water heaters and separate gas/electric metering. Ample parking and a desirable single-story design complete this lucrative opportunity.
Financially Performing Asset! Incredibly affordable Bargain! Community living, Purchase Price is easy on the pocketbook! Formerly used as a Hotel, currently Zoned R-3, but is a Commercial Property with 14 bedrooms, joined with common bathrooms, living room, and shared kitchen facilities! Close to the hub of amenities, from Shopping, Restaurants, Banking, Health Care/Hospital, to easy Freeway Access, Public Transportation, etc. DON'T DELAY! ACT NOW! INCREASE YOUR WEALTH! OPPORTUNITY AWAITS!
Investors! This is a great opportunity to own 3 units across the street from a school in the center of Marysville. This property has received numerous upgrades since 2022, including new paint, windows, appliances, flooring, etc. Both units in the main building have 3 bedrooms and 1 bathroom, these units are expected to generate $50,400 in gross annual income making this property a valuable asset to hold for the future. The back unit is a 1 bedroom and 1 bathroom unit, which was previously a garage. The back unit was fully updated with new paint, a new kitchen, new bathroom, etc. Please note: the back unit is not permitted, the buyer will need to acknowledge this and complete their own due diligence. Don't miss out on this great investment opportunity!
The median home value in Marysville, CA is $276,400. This is lower than the county median home value of $372,700. The national median home value is $338,100. The average price of homes sold in Marysville, CA is $276,400. Approximately 49.69% of Marysville homes are owned, compared to 47.73% rented, while 2.58% are vacant. Marysville 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 Marysville real estate agent to arrange a tour today!
Marysville, California 95901 has a population of 23,304. Marysville 95901 is less family-centric than the surrounding county with 33.6% of the households containing married families with children. The county average for households married with children is 35.94%.
The median household income in Marysville, California 95901 is $53,571. The median household income for the surrounding county is $62,666 compared to the national median of $69,021. The median age of people living in Marysville 95901 is 29.4 years.
The average high temperature in July is 95.2 degrees, with an average low temperature in January of 38.3 degrees. The average rainfall is approximately 21.6 inches per year, with 0.1 inches of snow per year.