1001 5th Street

Lincoln, CA

1001 5th Street

Region: Placer County
Use: Multifamily
Lease or Sale: Sale
Building Size: ±4,761 SF
Sale Price: $1,450,000

Turton Commercial is pleased to present the opportunity to purchase 1001 5th Street, a well-located, 8-unit multifamily property situated on almost a half-acre site and in an up-and-coming market in Lincoln, CA. The 4,761 square foot property features a mix of mostly one-bedrooms, and is complete with a nice courtyard and laundry room for the tenants.

The Subject Property presents a stabilized-income opportunity with a favorable unit mix of SIX one-bedrooms, ONE studio and ONE two-bedroom units. Below market rents and instituting RUBs offers potential for immediate upside. Nicely cared for complex with pride of ownership in high growth Placer County market.

The year-one capitalization rate based on a $1,450,000 purchase price is 4.15% with proforma capitalization rate of 6.72% achievable by steadily increasing the below market rents. Priced at approximately $181,250 per door, this one-of-a-kind property is below replacement cost and a great long-term and stable investment. The Property currently generates a gross annual income of $99,120, inclusive of RUBS to be implemented by Buyer, and a net operating income of $60,238.

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