Property Listing No Longer Available for Sale

1022 Swezy St., Marysville, CA

Multi-family for Sale - $475,000 - 5,600 Sq. Ft.


Property Info

CIMLS#947271
Location
  1022 Swezy St.
  Marysville CA 95901
UpdatedJuly 24th, 2017
TypeMulti-family
Price$475,000
Building5,600 Sq. Ft.

Property Description

Value - Add opportunity with rehab leading to increases of existing rents to market. The subject property is comprised of two side by side Four-Plex buildings totaling 8 units. The units are all 2 Bed/1 Bath approximately +/-700 SF. Each unit is separately metered for electric and gas. The average rental rate is $650 per unit. Market rents are at $750 per unit for renovated units. The rents are below market and have the opportunity increase when units are turned and improved.

Location Description:

Located within a stable market of Marysville in close proximity to commercial amenities, schools, and parks. Ingress and Egress from both Swezy or Blue St.

Highlights:

>> Value-Add Opportunity

>> Opportunity to increase rents as units turn

>> All 2 Bed/1 Bath units

>> Rents are below market

>> Located in stable rental market

>> Separately metered electric and gas

>> Individual hot water heaters

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Financials