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Home For Sale

Picture of Home For Sale in Placerville, California, United States

$1,750,000

2980 Coloma St
Placerville, California, United States

Listed By: Realtyww Info

Listed On: 07/31/2025

Listing ID: GL11820287 View More Details

Description

7.5% Cap rate on actuals! This is a very unique opportunity. This is not an apartment complex, although it is ran just like an apartment community. The Subject property consists of two separate buildings. 1) is a 6bedroom/3.5 Bath single family home that is on a master lease for $1500 a month. Rent could be more like $3, 000! building #2) is a 31 bedroom, 6 bathroom structure that is rented by the room. Rents range from $500-$650 per bedroom. There is an on-site manager that does all of the management for the owner and is willing to stay. The building includes a back yard community garden area, a common area commercial sized shared kitchen with 16 refrigerators. There are vending machines, storage lockers and a laundry facility on-site. The building is very quiet and well kept. There is a walking path to Downtown Placerville which is only a stones throw away! This building is a cash cow and consistently remains occupied due to the affordability and location. Priced to sell!

For more details:

Listed by: Matthew Sarro
Source: The World Property Journal

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