317 5 St, Marysville, CA 95901

This exceptional 8-unit apartment building, located at 317 5th Street in historic Marysville, California (zip code 95901), presents a compelling investment opportunity. The property boasts a total of 9,920 square feet across two stories, with a mix of five two-bedroom/one-bathroom and three three-bedroom/one-bathroom units, each approximately 1,200 square feet. A substantial renovation completed in 2020 incorporated modern amenities including in-unit washer/dryers, HVAC wall units, and dishwashers, enhancing tenant appeal and contributing to the property's strong occupancy rate of 65%. The asking price is $1,475,000, representing a price per unit of $184,375 and a price per square foot of $148. The property's current net operating income is $98,974, yielding a 6.50% capitalization rate. This calculation includes a 3% vacancy reserve, accounting for the current market vacancy rate of 5.3%. The recent renovations minimize the likelihood of significant deferred maintenance costs, making this a low-risk, high-reward investment prospect in a desirable location. The property's strong financial performance, coupled with its updated units and prime location, positions it for continued success and potential appreciation. This is a rare opportunity to acquire a well-maintained, income-producing multifamily property in a thriving California market.