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312 Fortuna Boulevard, Fortuna, CA 95540

$1,385,000
Property Type: Multi-Family Square Footage: 5,357 Lot Size (sq. ft.): 12,632 Status: Sold
Current Price: $1,475,000 List Date: 10/04/2023 Last Modified: 9/07/2024

Overview

Description

Welcome to this fantastic investment opportunity in Fortuna, featuring a well-maintained 9-unit apartment complex. This property is conveniently located and has recently undergone updates, making it an attractive choice for investors.The property offers a variety of units to cater to different tenant needs, including 2 spacious 2-bedroom units, 6 well-designed 1-bedroom units, and 1 studio apartment. There are 5 separate storage closets available for rent, providing additional income opportunities for the owner. Additionally, there's a generously sized garage that the owner is currently using but can also be rented out for additional rental income.

Supplements: All of the units are separately metered for power, gas, water and sewer and each unit has its own forced air heater. Plenty of off street parking. Great opportunity to own this well maintained Fortuna investment property!

Listing Details MLS# 265361

Listing Information

Pended Date
2023-10-24
Sold Date
2024-01-09

Property Description

Type of Property
Multi-Family
Realtor.com Type
Multi Family
Style
5-10 Units
Gar Stls
Yes
Garage Type
Attached
Lot Dimensions
90x138
Lot Acres
0.29
Accessory Dwelling Unit
No
Appearance
Excellent
List Price/SqFt
275.34
Sold Price/SqFt
258.54

Building Description

Main House SqFt
5357
Gated Entry
No
Total Units
9
Year Built
1948

Location Legal and Taxes

Area
Mid County
House Number
312
Street Name
Fortuna
Street Suffix
Boulevard
Sub-Area
Fortuna
State
CA
Zip Code
95540
Cross Street
Alder

RV Parking

Room for RV Parking
No

Miscellaneous

Sidewalk
Yes

More Information

Total Units By Type

# Studio Units
Yes
# 1 Bedroom Units
6
# 2 Bedroom Units
2
# Full Baths
9
# of Heating Units
9
# of Ranges
9
# of Refrigerators
9
# of Water Heaters
9

Location, Legal and Taxes

APN
040-292-007

Zoning

Commercial
Yes

Possession

At Close of Escrow
Yes

Lot Description

Flat
Yes

Utilities

Circuit Breaker
Yes
Electric
Yes
Natural Gas
Yes
Separately Metered
Yes

Levels

2 Story
Yes

Siding

Cement Composite
Yes
Wood
Yes

Foundation

Block
Yes
Concrete Perimeter
Yes

Construction

Wood Frame
Yes

Road

Paved
Yes
Public
Yes

Roof

Composition Shingle
Yes

Insulation

Dual Pane Window
Yes
Partially Insulated
Yes

Financing Terms

Cash
Yes
Conventional
Yes
Exchange
Yes

Driveway

Concrete
Yes

Heating

Forced Air
Yes
Natural Gas
Yes

Kitchen

Range
Yes
Refrig
Yes
Remodeled Kitchen
Yes

Water

Public
Yes

Sewer

Public
Yes

Flooring

Carpeted
Yes
Laminate
Yes
Vinyl
Yes

Property Features

Zoning: Commercial Possession: At Close of Escrow Levels: 2 Story Kitchen: Range; Refrig; Remodeled Kitchen Foundation: Block; Concrete Perimeter Siding: Cement Composite; Wood Roof: Composition Shingle Insulation: Dual Pane Window; Partially Insulated Heating: Forced Air; Natural Gas Construction: Wood Frame Driveway: Concrete Water: Public Sewer: Public Lot Description: Flat Road: Paved; Public Utilities: Circuit Breaker; Electric; Natural Gas; Separately Metered Flooring: Carpeted; Laminate; Vinyl Financing Terms: Cash; Conventional; Exchange
Listing Office: Coldwell Banker Cutten Realty
IDX
Last Updated: September - 07 - 2024
Broker Attribution: joematteoli@gmail.com

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.