For more information on this property, contact Chris Palma at 707-234-8004 or [email protected]

150 128 Highway
Navarro, California CA 95463
Sold For: $305,000
Listing ID 21811748
Status Sold
SqFt 2,000
Acres 0.310

Property Description:

Amazing opportunity! Three dirt cheap rentals! 8% Cap Rate!!! Need some work but currently rented. Two legal parcels. Unlimited potential. Easy to force appreciation with improvements and raise the rents. ANDERSON VALLEY!!!!!! Fix and clean up, keep one as a wine getaway while the other two pay the mortgage; turn into vacation rentals and make even more. Capitalize on the housing crisis and an incredible cheap price with this multiunit fixer!

Primary Features

County: Mendocino
photo Count: 10
Property Sub Type: Multi Unit 2-4
Property Type: Multi-Family 2-4

Additional

Common/Recreation: None
FIPS Code: 45
Foundation/Construction: CC Perimeter
GRM: 9.78
Lot Description: Upslope, Private, Secluded
Lot Measurement: Acres
Lot Square Footage: 13504
New Construct/Resale: Resale
Number of Buildings: 3
Number of Units: 3
Planned Unit Development: No
Pool: No
Probate Sale: no
Roof: Composition, Shake
Search Price: 305000
Separate Meters: Electricity
Sewer/Septic: Standard Septic
Signs: Yes
Special Zones: Unknown
Square Footage Source: Not Verified
Type: 1 Story
Unit 1 Approximate SqFt: 1000
Unit 1 Baths Full: 1
Unit 1 Bedrooms: 3
Unit 1 Includes: Wood Burning
Unit 1 Occupancy: Tenant
Unit 1 Rents for: 1100
Unit 1 SqFt Source: Not Measured
Unit 1 Total Rooms: 5
Unit 2 Approx SqFt: 600
Unit 2 Baths Full: 1
Unit 2 Bedrooms: 1
Unit 2 Includes: None
Unit 2 Occupancy: Tenant
Unit 2 Rents for: 900
Unit 2 SqFt Source: Not Measured
Unit 2 Total Rooms: 2
Unit 3 Approx SqFt: 500
Unit 3 Baths Full: 1
Unit 3 Bedrooms: 1
Unit 3 Includes: None
Unit 3 Occupancy: Tenant
Unit 3 Rents for: 600
Unit 3 SqFt Source: Not Measured
Unit 3 Total Rooms: 2
Validated: yes
Water Source: Well-Private
Year Built Exception: Unknown

Location Information

Area: Anderson Valley
Area Short Display: G0900
View: No

Financial Details

Auction: no
Cap Rate: 8.3
City Transfer Tax: no
Estimated Annual Net Income: 27850
Estimated Miscellaneous Expenses: 3000
Estimated Taxes: 350
Estimated Total Annual Expenses: 3350
Gross Scheduled Income: 31200
Lease Type: Net
Monthly Expenses: 279.17
Monthly Income: 2600
Operating Expenses Include: None
Original Price: 335000
Possession: Close Escrow
Price Per Acre: 983870.97
Price Per Square Foot: 152.5
Projected or Actual: Actual

Interior Features

Fireplace: No
Laundry Appliance: None

External Features

Exterior: Wood Siding
Garage/Parking: 4-7 Cars
Style: Cottage

Zoning Info


Area Info


Listing Courtesy of Patrick J Reda, Palma Properties, Inc.
©2019 Bay Area Real Estate Information Services. All rights reserved.
Information Deemed Reliable, but Not Guaranteed. Data last updated Friday, November 15th, 2019.

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