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1001 5th Street $1,450,000

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    1001 5th Street Lincoln, CA 95648

    • 0 Beds
    • 0 Baths
    • Multi-Family
    • MLS# 221038631
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    Views: 28

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    Property Details

    The Subject Property presents a stabilized-income opportunity with a favorable unit mix of SIX one-bedrooms, ONE studio and ONE two-bedroom unit. Below market rents and instituting RUBs offers potential for immediate upside. Nicely cared for complex with pride of ownership in high growth Placer County market. The year-one capitalization rate based on a $1,450,000 purchase price is 4.15% with proforma capitalization rate of 6.72% achievable by steadily increasing the below market rents. Priced at approximately $181,250 per door, this one-of-a-kind property is below replacement cost and a great long-term and stable investment. The property currently generates a gross annual income of $99,120, inclusive of RUBS to be implemented by Buyer, and a net operating income of $60,238.

    • General Features
      • Year Built 1960
      • Property Subtype 5 or More Units
      • County Placer
      • Association Fee $0
      • Association No
    • Building Features
      • Carport Spaces 0
      • Construction Materials Wood
      • Num Commercial Units 0
      • Number of Buildings 2
      • Independent Parking Spaces 0
      • Number of Floors 1
      • Heating Wall Furnace
      • Garage Spaces 0
      • Flooring Wood
      • Electric 220 Volts
      • Covered Spaces 0
      • Cooling Window Unit(s)
      • Open Parking Spaces 0
      • Number of Studio Units 1
      • Number of Units Total 8
      • Total Parking Spaces 0
      • Stories 1
      • Sewer Public Sewer
      • Number of Guest Spaces 0
      • Tandem Parking Spaces 0
      • Water Source Meter on Site
    • Property Features
      • Lot Size Source Assessor Auto-Fill
      • Lot Size Square Feet 13068
      • Lot Size Acres 0.3
    • Schools
      • Senior High School District Western Placer
      • School District County Placer
      • Middle or Junior School District Western Placer
      • Elementary School District Western Placer

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    Neighborhood

    95648 (Lincoln) Demographics

    44 Median Age
    371 Population Density (per sq. mile)
    43% College Educated
    $88,158 Estimated Median Income
    15,565 Estimated Total Home Owners
    4,022 Estimated Total Renters
    79% / 21% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    52,949 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    128 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,450,000
        4/21/2021 11:02:00 AM New in Database Source: Multiple Listing Service New Value: $1,450,000

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        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of METROLIST SERVICES, INC. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information last updated 10/21/2021 2:12:41 PM. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Terms of Use

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.