$794,840*
●
Multifamily -
Off Market
20475 Quebec St.
Out of Area, CA 96013
Studio
2 Baths,
1
Half Bath
10400 Sqft
$504,000 - $614,000
Reference Base Price*
42.19%
Since May 1, 2020
National-US
Primary Model
About This Property
Passive Income Potential! Own this collection of three 4plexes in
the heart of Burney, CA, a peaceful mountain-town of 3,000+ people
known for its natural beauty, outdoor activities, and stable local
economy. Affordable housing in California is scarce, and here you
could provide this product while making more than 10% ROI.
Don't accept cap rates under 5%! Dollar General and Grocery
Outlet didn't decide to move into this town without stable reasons.
Factors in this town include the Pit River Casino, Sierra Pacific
Mill, US Forest Service operations, Shasta Community College remote
campus, a hospital 15 minutes away, and an affordable ski park 45
minutes away. Of the 12 units for sale at $46,500, 8 are 750sqft
2bd/1bth apartments, 2 are 1000sqft 2bd/2bth town homes, and 2 are
1200sqft 3bd/2bth town homes. The property is primed for a
re-positioning, with a new professional property management company
newly on board. With only 7 units currently rented, Gross Income is
$4,510/month. A basic maintenance update and some remodeling places
scheduled monthly income between $7800 and $9400. Call for more
information and repair quotes.
The manager has listed the unit size as 10400 square feet.
The manager has listed the unit size as 10400 square feet.
Unit Size
10,400Ft²
Days on Market
-
Land Size
0.70 acres
Price per sqft
$54
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1979
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 24, 2020 | No longer available | - | |
No longer available | |||
Nov 4, 2019 | Listed | $559,000 | |
Listed | |||
Aug 28, 2015 | Sold to Louis A Palermo, Melissa S ... | $135,500 | |
Sold to Louis A Palermo, Melissa S ... |
Property Highlights
Air Conditioning
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
11/04/2019
|
|
Studio
|
2 Bath
|
10400 ft²
|
$559,000
Studio
2 Bath
10400 ft²
|
-
-
|
-
|
-
|