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308 10th St

FORTUNA, CA 95540
  • $582,000
  • STATUS: Active
  • ON SITE: 171 Days
  • ID#: ML81856364
Price Reduced
UPDATED: 12 min ago
$582,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,820
    SQFT
  • $206
    $/SQFT
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Description

New roof November 2021. Below-market rents with imminent upside to market rents in downtown Fortuna. Rents on track to raise from $660 to $900/unit ($54K annually; market rent per existing property management company). Fully separately metered; possible subdivision (investigate with City). Excellent rental history. Low-maintenance, bright, desirable units with interior arches, charming built-ins, laundry income, new picnic table in central courtyard. All kitchens face central courtyard; exterior door leads to courtyard. Well-maintained by same property management company since acquired. Walk to middle and high schools, parks, shopping, downtown life, bus line. Close to freeway, Humboldt State University and the Community College. On-site shared laundry provides extra income. Proforma year is 2022-23. First time on the market in 16 years.

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© 2022 MLSListings Inc. Based on information from MLSListings MLS as of 2022-01-20T20:48:56.123. 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 or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate.

Licensed in the State of California.
www.dominicnicoli.com/homes/119931816
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308 10th St FORTUNA, CA 95540

  • Price: $582,000
  • Status: Active
  • On Site: 171 Days
  • Updated: 12 min ago
  • ID#: ML81856364
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2,820
SQFT
$206
$/SQFT
1950
Built
County:
Humboldt
Property Description
New roof November 2021. Below-market rents with imminent upside to market rents in downtown Fortuna. Rents on track to raise from $660 to $900/unit ($54K annually; market rent per existing property management company). Fully separately metered; possible subdivision (investigate with City). Excellent rental history. Low-maintenance, bright, desirable units with interior arches, charming built-ins, laundry income, new picnic table in central courtyard. All kitchens face central courtyard; exterior door leads to courtyard. Well-maintained by same property management company since acquired. Walk to middle and high schools, parks, shopping, downtown life, bus line. Close to freeway, Humboldt State University and the Community College. On-site shared laundry provides extra income. Proforma year is 2022-23. First time on the market in 16 years.
Exterior Features

Foundation Concrete Slab Garage Parking On Street Lot Description Grade - LevelGround Floor Number Of Buildings 1 Pool YN No Roof Composition Style ContemporaryCottage Units In Complex Min 5 Yard Grounds Balcony / PatioCourtyardDrought Tolerant PlantsLow Maintenance

Interior Features

Additional Rooms Laundry Room Beds Unit1 1 Cooling None Flooring CarpetVinyl / Linoleum Heating Central Forced Air - Gas Kitchen Features Hood Over RangeOven Range - ElectricRefrigerator Laundry Coin Operated Sq Ft Unit1 564 Structure Sq Ft 2820

Property Features

Accessibility Features Other Additional Listing Info Not Applicable Amenities Walk-In Closet City Name Fortuna Cross Street Corner Of 10th And I ('Eye') Streets Energy Saving Features Double Pane Windows Hoa Amenities Common Utility Room Hoa YN No Lot Size Area Maximum 5947.00 Meters Separate ElectricSeparate GasSeparate Water Rent Unit1 660 Restrictions None Security Features Other Sewer Septic Sewer - Public Sq Ft Source Other Utilities Individual Electric MetersIndividual Gas MetersPublic Utilities Water Individual Water MeterPublic Zoning Multi-Residential

© 2022 MLSListings Inc. All rights reserved. Listing provided courtesy of Amba Jane Desjardins of Coldwell Banker Realty.


© 2022 MLSListings Inc. Based on information from MLSListings MLS as of 2022-01-20T20:48:56.123. 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 or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate.

Licensed in the State of California.
 
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