308-312 10th Street, Fortuna, CA 95540
$582,000
Property Type:
Commercial
Square Footage:
2,820
Lot Size (sq. ft.):
6,098
Status:
Sold
Current Price:
$582,000
List Date:
11/16/2021
Last Modified:
9/09/2024
Overview
Description
New composition roof November 2021. Downtown Fortuna 5-Plex. Single-story building built in 1950; 5 similar units, same PM Company since acquisition. Separately metered; possible condo conversion (investigate with City). Easy parking. Excellent rental history. Low-maintenance, well-maintained, bright, desirable units, interior arches, built-ins, central courtyard with new community picnic table, extra laundry income. Walk to downtown, middle/high schools, parks, fitness clubs, shops, bus line. Close to freeway, Humboldt State University and the Community College. Incredible investment opportunity to add value.
Listing Details MLS# 259693
Listing Information
- Pended Date
- 2022-02-04
- Sold Date
- 2022-03-14
Property Description
- Type of Property
- Commercial
- Realtor.com Type
- Commercial
- Construction Status
- Existing
- Main House SqFt
- 2820
- Lot Acres
- 0.14
- Flood Zone
- No
- Cap Rate
- 7
- List Price/SqFt
- 206.38
- Sold Price/SqFt
- 206.38
Location Legal and Taxes
- Area
- Mid County
- House Number
- 308-312
- Street Name
- 10th
- Street Suffix
- Street
- Sub-Area
- Fortuna
- State
- CA
- Zip Code
- 95540
- Cross Street
- I St.
Directions and Remarks
- Directions
- Take either Main or 12th St. Exits and go to corner of 10th and I ('eye') Sts.
Building Description
- Year Built
- 1950
- Total Baths
- 5
- # Units
- 5
- Condition
- Good
- # of Floors
- Yes
Square Footages
- Total Building SqFt
- 2820
More Information
Business
- Real Estate Included
- Available
Location, Legal and Taxes
- APN
- 040-211-014
Zoning
- Multi-Family
- Yes
- Commercial
- Yes
Possession
- Negotiable
- Yes
Income & Expenses
- Signage
- Yes
- Annual Income
- 48200
- Net Operating Inc
- 36150
- Rent $
- 48000
- Annual Expenses
- 12050
- Financials Available
- Yes
Existing Use
- Other
- Yes
Utilities
- Electric
- Yes
- Gas
- Yes
Location
- Corner Lot
- Yes
- Neighborhood
- Yes
- Suburban
- Yes
Foundation
- Slab
- Yes
Roof
- Composition Shingle
- Yes
Insulation
- Dual Pane Window
- Yes
Financing Terms
- Cash
- Yes
- Conventional
- Yes
Parking
- 1 - 10 Spaces
- Yes
Heating
- Forced Air
- Yes
- Natural Gas
- Yes
Exterior Amenities
- Public Trans
- Yes
- Sidewalks
- Yes
Flooring
- Vinyl
- Yes
- Partially Carpeted
- Yes
Sale Includes
- Land & Building
- Yes
Documents
- Disclosures-Public
- Yes
Property Features
Zoning:
Multi-Family; Commercial
Existing Use:
Other
Location:
Corner Lot; Neighborhood; Suburban
Foundation:
Slab
Roof:
Composition Shingle
Insulation:
Dual Pane Window
Parking:
1 - 10 Spaces
Exterior Amenities:
Public Trans; Sidewalks
Utilities:
Electric; Gas
Heating:
Forced Air; Natural Gas
Flooring:
Partially Carpeted; Vinyl
Sale Includes:
Land & Building
Possession:
Negotiable
Financing Terms:
Cash; Conventional
Documents:
Disclosures-Public
Listing Office:
Coldwell Banker Residential
Last Updated: September - 09 - 2024
Based on information from the Humboldt Association of REALTORS® (alternatively, from the Humboldt MS), as of (date the AOR/MLS data was obtained on
.) All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be verified by broker for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2020 (year) Humboldt Association of Realtors®. All rights reserved.
