$500,000
$488,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
2,668 SqFt
SOLD DATE : 01/11/2022
Key Details
Sold Price $500,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,668 sqft
Price per Sqft $187
MLS Listing ID ML81856368
Sold Date 01/11/22
HOA Y/N No
Year Built 1983
Annual Tax Amount $5,368
Lot Size 3,998 Sqft
Property Description
Below-market rents of $640 on track to increase to market rents of $750/unit ($36,000/yr). Initial increase initiated for 9/1/2021. Built in 1983. Separately metered for gas/electric. Possible subdivision (check with City). Excellent rental history and same property manager since acquired. Well-maintained, low maintenance property and spacious private parking. Hip and rustic with wood beam ceilings, solid pine cabinets. Charming, bright French-style units with views. Individual, private yards with raised garden areas and patios. Walk to markets, shops, Old Town Eureka, the waterfront, the bus linenot to mention a few blocks to my favorite restaurant and wine bar, Brick & Fire. Halfway between Humboldt University and Community College. Proforma year is 2023. First time on the market in over 16 years.
Location
State CA
County Humboldt
Zoning Multi-Family
Interior
Heating Electric
Cooling None
Flooring Carpet
Fireplace No
Appliance Electric Cooktop, Refrigerator, Range Hood
Exterior
Parking Features Guest, Unassigned
View Y/N Yes
View City Lights
Roof Type Other
Accessibility None
Total Parking Spaces 10
Building
Lot Description Level
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style French
Schools
School District Eureka City Unified
Others
Tax ID 004132018
Financing Cash
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with RECIP • Out of Area Office