31 3rd St Marysville, CA 95901
This exceptional Marysville property, located at 31 3rd Street, offers a unique investment opportunity. The 4,609 square foot building sits on a 0.14-acre lot and is currently configured as a 14-bedroom commercial property with shared bathrooms, living room, and kitchen facilities. Zoned R-3, it presents significant potential for redevelopment. Approved plans from the City of Marysville Planning/Building Departments exist for reconfiguration into larger, contemporary apartment units, offering a lucrative path to increased profitability. The property's prime location near a wealth of amenities is a key advantage. Convenient access to shopping, restaurants, banking, healthcare facilities, freeways, and public transportation ensures high occupancy and strong rental demand. This financially performing asset represents a compelling opportunity for investors seeking a high-return property with significant upside potential. The asking price of $735,000 presents exceptional value in the current market. Don't miss this chance to acquire a property with proven income and substantial future growth prospects.
Neighborhood apartment residential (R-3) zone district: Provides for limited higher density residential development as compared to the R-1 and R-2 zone districts with a level of standards conducive to providing a suitable living environment to those living in multiple-family residences as well as uses compatible with multiple-family neighborhoods. The R-3 di…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R-3 · Marysville, CANeighborhood apartment residential (R-3) zone district: Provides for limited higher density residential development as compared to the R-1 and R-2 zone districts with a level of standards conducive to providing a suitable living environment to those living in multiple-family residences as well as uses compatible with multiple-family neighborhoods. The R-3 district is consistent with the medium and high density general plan designations. General apartment (R-4) zone district: Provides for all types of multiple-family residential uses as well as a limited amount of low density residential uses, and uses that are considered to be compatible with residential uses. The R-4 zone district is consistent with the medium and high density general plan designations. ( Ord. 1365
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.