$1,450,000
Fortuna, CA 95540
MLS# 242292
Status: Sold
23676 sqft
1 / 13
Property Description
Great cash flow on this large complex, currently managed by Professional Property Manager. All units are 3 bedrooms, some with balconies, others with fenced yard areas. Covered parking, located near schools,bus lines, shopping and freeway access. Great for cash flow investment opportunities and 1031 Exchanges. Onsite laundry facility space for additional income opportunity. HUD approved rental property.
Details
Listing Information
Status: Sold
List Date: 2015-03-02
List Price: $1,570,000
Current Price: $1,450,000
Sold Date: 2015-06-22
Sold Price: $1,450,000
Concession Remarks: discounted to make up for needed work and continue with some evictions.
Property Description
Type of Property: Multi-Family
Realtor.com Type: Multi Family
Style: Apartments
Gar Stls: 28
Garage Type: Carport
Lot Size: 1 - 1.99 Acres
Lot Dimensions: 285x215
Lot Acres: 1.4
Appearance: Average
List Price/SqFt: 66.31
Sold Price/SqFt: 61.24
Building Description
Main House SqFt: 23676
Historic Registry: No
Gated Entry: No
Total Units: 24
Year Built: 1965
Location, Legal and Taxes
Area: Mid County
House Number: 137
Street Name: 12th
Street Suffix: Street
Sub-Area: Fortuna
State: CA
Zip Code: 95540
Cross Street: Loni Dr
School District: Fortuna
APN: 040-221-007
Directions and Remarks
Directions: 101 to exit 689 to Main Street, turn right on 12th. Property on Left
Schools
Elementary School: Cuddeback
High School: Fortuna
RV Parking
Room for RV Parking: Yes
Miscellaneous
Timber: No
Sidewalk: Yes
Alley: No
Security Deposit: Yes
Total Units By Type
# 3 Bedroom Units: 24
# Full Baths: 24
# of Heating Units: 24
# of Ranges: 24
# of Refrigerators: 24
# of Water Heaters: 25
Annual Gross Income: 276000
Annual Expenses: 29460
Property Features
View: City Lights; Hills; Pasture
Fenced: Partial
Zoning: Multi-Family; Neighborhood Comm
RV Parking: Paved
Possession: At Close of Escrow
Levels: 2 Story
Parking: 21 or More Spaces; On Site; Paved; Under Cover
Kitchen: Hood; Range; Refrig
Dining: Combined; Open
Living: Deck Off
Foundation: Concrete Perimeter; Slab
Laundry: Coin Op; Dryer; Separate; Sink; Washer
Siding: Vertical; Wood; Other
Roof: Tar & Gravel
Insulation: Unknown
Heating: Natural Gas; Wall
Construction: Wood Frame
Driveway: Asphalt
Water: Public
Sewer: Public
Lot Description: City Lights View; Flat; In Town; Near Shopping; Pasture/Field
Road: Curbing; Public; Sidewalks
Exterior Amenities: Deck; Patio
Utilities: 110 Volts; Circuit Breaker; Electric; Natural Gas; Separate Laundry; Separately Metered; Telephone; TV Cable
Flooring: Carpeted; Tile; Vinyl
Financing Terms: Cash; Conventional; Exchange; Owner Carry 2nd
Listing Office: MikkiMoves Real Estate, Inc.
Office Phone: 707-515-6683
Office Email: mikki@mikkimoves.com
Office Website: https://mikkimoves.com/
Listing Agent: Michelle Cardoza
Last Updated: March - 20 - 2021
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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.
