$1,000,000
$1,099,000
9.0%For more information regarding the value of a property, please contact us for a free consultation.
1.06 Acres Lot
SOLD DATE : 11/09/2020
Key Details
Sold Price $1,000,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20048584
Sold Date 11/09/20
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1926
Lot Size 1.060 Acres
Acres 1.06
Property Description
The Bedford Apartment Complex is a 10-Unit, multi-building complex situated on three large lots located within historic Placerville. The complex today is comprised of what was once the well-known Kennedy House, as well as the First Apartment Building build in Placerville Circa 1864. Eight well-sized 1 Bedroom/1-Bathroom units, one studio apartment, and one detached cottage with 1 Bedroom/1-Bathroom. On-Site laundry room with coin-operated washer and dryer. Great long-term tenants. Plenty of Parking. Opportunity for lot line adjustment allowing for additional build (plans available). Offered at a 6.0% Cap Rate PLUS get $100,000.00 Seller Credit at closing! Great opportunity for an investor looking for immediate cash flow. Please call or email for additional details.
Location
State CA
County El Dorado
Area 12701
Direction Hwy-50; North on Bedford Ave; Property on the Right
Interior
Heating Other
Cooling See Remarks
Flooring See Remarks
Appliance Gas Water Heater, See Remarks
Laundry Washer/Dryer
Exterior
Garage 1+ Space Per Unit
Amenities Available None
Roof Type Composition
Building
Story 2
Schools
Elementary Schools Placerville Union
Middle Schools Placerville Union
High Schools El Dorado Union High
School District El Dorado
Others
Senior Community No
Tax ID 002-122-006-000
Special Listing Condition None
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