6350 State Highway 193 Georgetown, CA 95634
- Hotels
- 5,250 SF
- 0.93 lot acres
Current Use by Public Records
- Hotels
Property Details for 6350 State Highway 193
- Year built
- 1984
- Construction
- WOOD
- Lot size
- 0.93 lot acres
- Property size
- 5,250 SF
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 061-391-038-000
- APU
- 61391038000
Description
This exceptional investment opportunity presents a prime 11-unit apartment complex nestled on a nearly one-acre lot in Georgetown, CA. The 5,250 square foot building boasts a strong rental history and offers significant upside potential. Each of the eleven units includes kitchenettes equipped with microwaves and refrigerators, along with convenient wireless internet access. On-site management is facilitated by a comfortable manager's suite, providing ease of operation. Additional amenities include a dedicated office space, a recreational area for tenants, a laundry room, ample storage, and extensive parking. The property's strategic location offers easy access to local restaurants, parks, and shopping, enhancing its appeal to tenants. Outdoor enthusiasts will appreciate the proximity to stunning lakes, reachable within a 30-minute drive via the scenic Wentworth Springs Road, opening up opportunities for hiking, swimming, and river rafting. This well-maintained property presents a compelling investment opportunity in a thriving community, promising strong returns and future growth. The property's size and amenities make it an attractive option for both short-term and long-term tenants.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $265,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $270,000
- 6.5%
- $260,000
- 7%
- $245,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $250,000
- Geo Method
- $280,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $260,000
- Retail
- $250,000
- Mixed-Use
- $190,000
- Hospitality
- $240,000
- Educational
- $200,000
- Residential Income
- $200,000
- Energy
- $200,000
- Income-Based Land
- $210,000
- Food Service
- $235,000
Location Insight
- Map
- Local Demand
- City
- Georgetown
- County
- El Dorado
- State
- California
- Longitude
- -120.837
- Latitude
- 38.9041
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA