$1,550,000
Fortuna, CA 95540
MLS# 266780
8350 sqft
1 / 70
Property Description
This 2.98-acre property in Fortuna, California, presents a unique income-producing opportunity. West End Place features 19 bedrooms and 9.5 bathrooms spread across 8 single-family homes, each with its own private backyard. The property also includes over an acre of vacant land, offering potential for future development. Situated in a rural, courtlike setting, this income-producing asset is conveniently located close to the town of Fortuna, while also boasting a private airport nearby. All 8 units are currently occupied, providing a stable rental income stream for the new owner.
Details
Maps
Listing Information
Status: Active
List Date: 2024-05-14
List Price: $1,550,000
Current Price: $1,550,000
Property Description
Type of Property: Multi-Family
Realtor.com Type: Multi Family
Style: 5-10 Units
Gar Stls: 4
Garage Type: Attached
Lot Size: 2 - 2.99 Acres
Lot Dimensions: Irregular
Lot Acres: 2.98
Accessory Dwelling Unit: No
Appearance: Good
List Price/SqFt: 185.63
Building Description
Main House SqFt: 8350
Historic Registry: No
Gated Entry: No
Total Units: 8
Year Built: 1952
Location, Legal and Taxes
Area: Mid County
House Number: 2162-2171
Street Name: West End
Street Suffix: Place
Sub-Area: Fortuna
State: CA
Zip Code: 95540
Cross Street: Airport Road
School District: Fortuna
APN: 203-201-024
Directions and Remarks
Directions: Drake Hill Road to Airport Road. Left at West End Place.
Schools
Elementary School: South Fortuna
Middle School: Fortuna
High School: Fortuna
RV Parking
Room for RV Parking: Yes
Miscellaneous
Sidewalk: No
Total Units By Type
# 2 Bedroom Units: 5
# 3 Bedroom Units: 3
# Full Baths: 9
# of Half Baths: 1
# of Heating Units: 8
# of Ranges: 8
# of Refrigerators: 7
# of Water Heaters: 8
Annual Gross Income: 149160
Property Features
View: Pasture; Woods
Fenced: Partial
Zoning: Multi-Family
RV Parking: Gravel; Paved
Possession: At Close of Escrow
Levels: One Story
Parking: Attached; Garage; On Site; Private; Under Cover
Kitchen: Gas; Range; Refrig
Foundation: Concrete Perimeter
Laundry: Dryer Hookups; Washer Hookups
Siding: Wood
Roof: Composition Shingle; Metal; Other
Insulation: Dual Pane Window; Partially Insulated
Heating: Natural Gas; Wall
Construction: Wood Frame
Driveway: Asphalt
Water: Public
Sewer: Mound; Private
Lot Description: Flat; Hills View; Open; Pasture View; Pasture/Field; Rural; Sloping
Road: Paved; Private
Exterior Amenities: Porch
Utilities: 220 Volts; Circuit Breaker; Electric; Natural Gas; Separate Laundry; Separately Metered
Flooring: Carpeted; Laminate; Tile; Vinyl
Financing Terms: Cash; Conventional; Other - See Remarks
Supplements
This property's combination of existing income-generating units, development potential, and desirable rural location make it an attractive investment opportunity for those seeking a diversified real estate portfolio or an expansion of their rental property holdings.
Listing Office: EXP Realty of California, Inc.
Office Email: deborah.penny@exprealty.net
Listing Agent: Nicole Mayer
Agent Phone: 707-498-5008
Agent Email: NicoleMayerRE@gmail.com
Last Updated: May - 15 - 2024
Based on information from the Humboldt Association of REALTORS® (alternatively, from the Humboldt MS), as of (date the AOR/MLS data was obtained on .) All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be verified by broker for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2020 (year) Humboldt Association of Realtors®. All rights reserved.
Wednesday 15th of May 2024 09:23 PM