1001 5th St, Lincoln, CA, 95648

1001 5th St, Lincoln, CA, 95648 < >
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for sale
Lot Size:0.30 Acres
Year Built:1960
MLS #:221038631
Date Updated:
For information contact:
Lincoln Home List
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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

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.
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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