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
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.
More Information MLS# 259693
Property Description
Realtor.com Type: Commercial
Lot Size: City
Construction Status: Existing
Lot Acres: 0.14
Flood Zone: No
List Price/SqFt: 206.38
Cap Rate: 7
Sold Price/SqFt: 206.38
Type of Property: Commercial
Main House SqFt: 2820
Building Description
Year Built: 1950
Total Baths: 5
# Units: 5
Condition: Good
# of Floors: 1
Location, Legal and Taxes
APN: 040-211-014
Zoning
Multi-Family: 1
Commercial: 1
Possession
Negotiable: 1
Income & Expenses
Signage: Yes
Annual Income: 48200
Net Operating Inc: 36150
Rent $: 48000
Annual Expenses: 12050
Financials Available: 1
Square Footages
Total Building SqFt: 2820
Business
Real Estate Included: Available
Existing Use
Other: 1
Utilities
Electric: 1
Gas: 1
Location
Corner Lot: 1
Neighborhood: 1
Suburban: 1
Foundation
Slab: 1
Roof
Composition Shingle: 1
Insulation
Dual Pane Window: 1
Financing Terms
Cash: 1
Conventional: 1
Parking
1 - 10 Spaces: 1
Heating
Forced Air: 1
Natural Gas: 1
Exterior Amenities
Public Trans: 1
Sidewalks: 1
Flooring
Vinyl: 1
Partially Carpeted: 1
Sale Includes
Land & Building: 1
Documents
Disclosures-Public: 1
Listing Information
Status: Sold
List Date: 2021-07-29
List Price: $582,000
Current Price: $582,000
Sold Date: 2022-03-14
Sold Price: $582,000
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.
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.
