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.
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, CAMarysville. Always verify with local authorities before improvements.
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.