1001 5th St, Lincoln, CA, 95648

1001 5th St, Lincoln, CA, 95648 < >
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for sale
$1,450,000
Lot Size:0.30 Acres
Year Built:1960
Status:Active
MLS #:221038631
Date Updated:
For information contact:
Lincoln Home List
530-320-5783
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Go See This Property
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.
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Interior Details
# of 1 Bedroom Units: 6# of 2 Bedroom Units: 1
# of 3 Bedroom Units: 0Flooring: Linoleum, Wood
Laundry Features: Coin Operated# of Studio Units: 1
# Of Units Total: 8Stories: 1
Unit 1 Bedrooms: 2Unit 1 Full Baths: 1
Unit 1 Partial Baths: 0Unit 1 Approx SqFt: 800
Unit 2 Bedrooms: 0Unit 2 Full Baths: 0
Unit 2 Partial Baths: 0Unit 2 Approx SqFt: 0
Unit 3 Bedrooms: 0Unit 3 Full Baths: 0
Unit 3 Partial Baths: 0Unit 3 Approx SqFt: 0
Unit 4 Bedrooms: 0Unit 4 Full Baths: 0
Unit 4 Partial Baths: 0Unit 4 Approx SqFt: 0

Exterior Details
Lot Size Acres: 0.3000Elevation: 0
Parking Features: Off StreetCovered Spaces: 0
Garage Spaces: 0Open Parking Spaces: 0
Lot Size Square Feet: 13068

Community Information
APN: 008-103-001-000Area/District: 12202
County: PlacerCross Street: 5th Street
Directions to Property: Take CA-65 N from Roseville Take exit 314 for Lincoln Blvd Keep right at the fork, follow signs for Downtown Lincoln and merge onto Lincoln Blvd/Old Hwy 65 Merge onto Lincoln Blvd/Old Hwy 65 Turn left onto 5th St 1001 5th St, Lincoln, CA 95648Association: No
Zoning: R-3

School Details
Elementary School District: Western PlacerMiddle or Junior School District: Western Placer
Senior High School District: Western PlacerSchool District (County): Placer

Property Information From MLS Data
Construction Materials: Wood# Of Buildings: 2
Property Subtype 1: 5 or More UnitsYear Built: 1960

Financial Information
Association Fee: 0

Utilities
Cooling: Window Unit(s)Electric: 220 Volts
Heating: Wall Furnace

Listing Information Courtesy of:
Listing Office Name: Ken Turton, Broker
Listing Agent Name: Ken J Turton

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Monthly Payment for 1001 5th St
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$1,450,000
Down Payment:
Loan Amount:$1,160,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of Kenneth Turton, Ken Turton, Broker

Information obtained from CAMMLS is current as of 11/27/2021 2:45 PM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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