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Susan Slack
Realtor Associate 
Community Realty
DRE#02127636
707-476-8823
Buysell
humboldt@gmail.com
buysellhumboldt.com

http://www.facebook.com/buysellhumboldt
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Listing 7 out of 19
$582,000 For Sale

308 10th Street
Fortuna, CA 95540

5 units | Multi Family Home
6098 sq ft lot - MLS# 259731
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Description

Downtown Fortuna 5-Plex. New comp roof installed November 2021. CAP rate 6% ($800/unit) to 7% ($900/unit). Below-market rents with imminent upside to market rents at $900/unit (1 now @$800), $54K annually. Single-story building built in 1950; 5 similar units, same PM Company since acquisition. Separately metered; possible condo conversion (investigate with City). Easy parking. Excellent rental history. Low-maintenance, well-maintained, bright, desirable units, interior arches, built-ins, central courtyard with new community picnic table, extra laundry income. Walk to downtown, middle/high schools, parks, fitness clubs, shops, bus line. Close to freeway, Humboldt State University and the Community College. Incredible investment opportunity with potential to add value.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family
  • Listing Status: Active
  • County/Area: Humboldt County
  • Zip Code: 95540
  • Year Built: 1950
  • Middle School: Fortuna
  • High School: Arcata
  • Style: 5-10 Units
  • Stories: One Story
  • Units: 5 units
  • Lot Size: City
  • Zoning: Commercial, Multi-Family
  • Appearance: Good
  • Exterior Amenities: Patio
  • Flooring: Carpeted, Vinyl
  • Foundation: Slab
  • Heating: Forced Air, Natural Gas
  • Insulation: Dual Pane Window
  • Kitchen: Elec, Hood, Range, Refrig
  • Laundry: Coin Op, Dryer, Shared, Washer
  • Living: Large
  • Lot Description: Corner, Flat, In Town, Near Public Trans, Near Shopping
  • Lot Dimensions: 60x100
  • Miscellaneous: Sidewalk: Yes
  • Parking: 1 - 10 Spaces
  • RV Parking: Room for RV Parking: Yes
  • Road: Public
  • Roof: Composition Shingle
  • Sewer: Public
  • Sub-Area: Fortuna
  • Total Units By Type: # 1 Bedroom Units: 5
  • Total Units By Type: # Full Baths: 5
  • Total Units By Type: # of Heating Units: 5
  • Total Units By Type: # of Ranges: 5
  • Total Units By Type: # of Refrigerators: 5
  • Total Units By Type: # of Water Heaters: 2
  • Total Units By Type: Annual Expenses: 12050
  • Total Units By Type: Annual Gross Income: 48200
  • Total Units By Type: GRM: 12
  • Utilities: Electric, Natural Gas, Separately Metered
  • Water: Public
Courtesy of Coldwell Banker Residential

Thank you for visiting today. If this is your first visit, take your time and look around. We have plenty of information and resources available to you. If you are a return visitor, thank you. We would love to hear from you. We can serve all your real estate needs.

Thank you for visiting today. If this is your first visit, take your time and look around. We have plenty of information and resources available to you. If you are a return visitor, thank you. We would love to hear from you. We can serve all your real estate needs.

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