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Realty Point, Inc.

admin@realtypoint.net +1(916) 936-3930

$1,500,000

Est. payment - /mo

5,250 SqFt

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Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,250 sqft

Price per Sqft $285

MLS Listing ID 226090746

HOA Y/N No

Year Built 1984

Lot Size 0.930 Acres

Acres 0.93

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

Excellent investment opportunity with Kingslike Apartments, a well-maintained, fully occupied, 10-unit apartment complex, with an 11th unit for management, if needed. Located in the heart of Georgetown and situated on nearly an acre with prime Highway frontage, this successful income-producing property offers high rental income in an appealing and convenient location for occupants, close to local restaurants, parks, shopping, the historic saloon, and other community amenities. The property features 10 studio units plus a 2-bedroom manager suite, with utilities including Wi-Fi, water, sewer, garbage, and electricity currently included in the rents, providing added convenience for tenants. A new roof offers peace of mind for future ownership, and on-site management is available to assist with a smooth transition. Residents enjoy easy access to the area's many outdoor recreational opportunities, including hiking, boating, fishing, and swimming at nearby lakes just a scenic drive-up Wentworth Springs Road. Historic Coloma and the South Fork of the American River are also nearby, offering whitewater rafting, gold panning, and year-round tourism. Don't miss this outstanding opportunity to own a fully occupied investment property in the heart of Gold Country.

Location

State CA

County El Dorado

Area 12901

Direction FROM HWY 50 - - Exit Hwy 49 towards Georgetown, make right onto Hwy 193 and follow into Georgetown with property being on right before Main St intersection. FROM HWY 80 - - Exit Elm Ave in Auburn, turn left onto High Street, follow down ravine, turn right onto Hwy 49 over bridge towards Cool. Left at Hwy 193, approximately 12 miles to property on Left.

Rooms

Other Rooms Unit-1 Type: Studio Full Baths: 1 Total Rooms: 2 Occupancy: Tenant Rent: 1100 Unit-2 Type: Studio Full Baths: 1 Occupancy: Tenant Rent: 1200 Unit-3 Type: Studio Full Baths: 1 Occupancy: Tenant Rent: 1100 Unit-4 Type: Studio Full Baths: 1 Occupancy: Tenant Rent: 1200

Interior

Heating Other

Cooling Wall Unit(s)

Flooring Carpet, Other

Laundry Coin Operated, In Common Area

Exterior

Exterior Feature Play Area

Parking Features Uncovered

Utilities Available Electric, Propane

Water Access Desc Public

Roof Type Composition

Topography Level,Rolling

Total Parking Spaces 12

Building

Lot Description Other

Story 2

Foundation Slab

Sewer Septic System

Water Public

Level or Stories Two

Schools

Elementary Schools Black Oak Mine

Middle Schools Black Oak Mine

High Schools Black Oak Mine

School District El Dorado

Others

Senior Community No

Tax ID 061-391-038-000

Special Listing Condition None

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Listed by RE/MAX GOLD

Nearby School & Business

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Realty Point, Inc.

+1(916) 936-3930

Real Estate Brokerage | CA DRE#02212763

Real Estate Brokerage CA DRE#02212763

6350 State Highway 193 Georgetown, CA 95634

Realty Point, Inc.

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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