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    1199 Melton Drive , Ii

    Yuba City, CA 95991
    • $799,000
    • STATUS: Active
    • ON SITE: 10 days
    • ID#: 22024873
    UPDATED: 49 min ago
    $799,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,904
      SQFT
    • $135
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1985
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Great income producing property! This 5-unit apartment complex contains five 2 bedroom, 1.5 bath, 1180 sq. ft. units. The property has undergone extensive updates to the building. New roof, new gutters, new siding, new exterior paint, double pane windows, and central heat/air. Each unit rents for $910/mo which could easily be increased to $1,100/mo. 40% of the units have been remodeled. Owner pays for water, garbage, insurance and taxes. Net operating income is around $45k/yr putting the cap rate at 5.6%.

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    © 2020 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate Services. Data last updated: 2020-10-24T12:55:59.933.
    www.showcaseproperties.com/homes/110974926
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    1199 Melton Drive , Ii Yuba City, CA 95991

    • Price: $799,000
    • Status: Active
    • Updated: 49 min ago
    • ID#: 22024873
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    5,904
    SQFT
    $135
    $/SQFT
    1985
    Built
    Neighborhood:
    Sutter County
    County:
    Sutter
    Area:
    Sutter County
    Elementary School:
    Yuba City
    Middle School:
    Yuba City
    High School:
    Yuba City
    School District:
    Yuba City
    Property Description
    Great income producing property! This 5-unit apartment complex contains five 2 bedroom, 1.5 bath, 1180 sq. ft. units. The property has undergone extensive updates to the building. New roof, new gutters, new siding, new exterior paint, double pane windows, and central heat/air. Each unit rents for $910/mo which could easily be increased to $1,100/mo. 40% of the units have been remodeled. Owner pays for water, garbage, insurance and taxes. Net operating income is around $45k/yr putting the cap rate at 5.6%.
    Exterior Features

    Carports 0 Exterior Wood Siding Foundation Construct Cc Slab Garages 0 Lot Description Level On Site Parking Uncovered Open Uncovered Spaces 6 Roof Composition Rv Boat Spaces 0 Type 2 Story Underground Spaces 0

    Interior Features

    Energy Conservation Dual Pane Windows Heat Cool Central AirCentral Heat

    Property Features

    1 Bdrm Ann Occupancy 0.00 1 Bdrms Occupied 0 1 Bedroom Rent Range 0 1 Bedrooms 0 2 Bdrm Ann Occupancy 100.00 2 Bdrms Occupied 5 2 Bedroom Rent Range 910 2 Bedrooms 5 3 Bdrm Ann Occupancy 0.00 3 Bdrms Occupied 0 3 Bedroom Rent Range 0 3 Bedrooms 0 4 Bdrm Ann Occupancy 0.00 4 Bdrms Occupied 0 4 Bedroom Rent Range 0 4 Bedrooms 0 Actual Or Projected Actual Auction No Cap Rate 5.60 City Transfer Tax No City Transfer Tax Rate 0.00 Comm Units Rent Rang 0 Commercial Units 0 Common Int Dev No Est Insurance Exp 4000.00 Est Maintenance Exp 0.00 Est Management 0.00 Est Misc Expenses 500.00 Est Net Income 45650.00 Est Taxes 3450.00 Est Total Annual Exp 8950.00 Est Utilities Exp 1000.00 Expense Source Owner Furnished Units 0 GRM 14.63 Gross Scheduled Inc 54600.00 Guest Spaces 0 Laundry Appliance Other Lease Deposit 0.00 Lease Terms Month To Month Lot Size Source (Realist Public Rec) Monthly Expenses 745.83 Monthly Income 4550.00 Multifamily Type Multi Unit 5+ New Construction Or Resale Resale Operating Exp Inc GarbageTaxes/AssessmentsWater Pending Litigation No Planned Unit Develop No Separate Meters ElectricityGas Sewer Septic Sewer Public Square Footage Source Realist Public Rec Studio Ann Occupancy 0.00 Studio Rent Range 0 Studios 0 Studios Occupied 0 Tenant Pays Cable TvElectricityGas Transaction Type Sale Water Source Water-Public Year Built Source Realist Public Rec

    Listing information © 2020 Bay Area Real Estate Information Services.
    Listing courtesy of Rick Walsh of Keller Williams Realty.


    © 2020 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate Services. Data last updated: 2020-10-24T12:55:59.933.
     
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