308-312 10th Street, Fortuna, CA 95540 (MLS# 259693)


$582,000
308-312 10th Street
Fortuna, CA 95540
MLS# 259693
Status: Sold
2820 sqft


308-312 10th Street, Fortuna, CA 95540
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Property 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.

Details
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
Property Description
Type of Property: Commercial
Realtor.com Type: Commercial
Construction Status: Existing
Main House SqFt: 2820
Lot Size: City
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.
APN: 040-211-014
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: 1
Income & Expenses
Signage: Yes
Annual Income: 48200
Net Operating Inc: 36150
Rent $: 48000
Annual Expenses: 12050
Square Footages
Total Building SqFt: 2820
Business
Real Estate Included: Available
Property Features
Zoning: Multi-Family; Commercial
Income & Expenses: Financials Available
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

Office Phone: 925-771-5200

Office Email: broker.record@cbnorcal.com

Listing Agent: Amba DesJardins

Agent Phone: 831-566-3444

Agent Email: amba.desjardins@cbnorcal.com

Agent Website: http://www.ambajane.com

Last Updated: May - 22 - 2023

308-312 10th Street, Fortuna, CA 95540 - MLS# 259693
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.