308 10th Street, Fortuna, CA 95540 | MLS 259731 | Listing Information | Berkshire Hathaway HomeServices Redwood Realty
FOR SALE
$598,000

308 10th Street
Fortuna, CA 95540

Multi-Family
Residence
2,820
Sq. Ft.
0.14
Acre Lot
1of
Photos
Map
Courtesy: Coldwell Banker Residential
BHHS Redwood Realty> California> Fortuna> 95540
Downtown Fortuna 5-Plex. CAP rate 6% ($800/unit) to 7% ($900/unit). Below-market rents with imminent upside on steady track to raise to market rents at $900/unit (1 now @$800), $54K annually. Initial rent increase initiated 9/1/2021. Single-story building built in 1950; 5 similar units, same PM Company since acquisition. Separately metered; possible subdivision (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. Just needs a new roof.
259731
Multi-Family, 1 Story
Humboldt
1950
0.14 Acres
Public
1
Public
Loading...
The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

Walk Score

Transit Score

Bike Score

Loading...