20 3rd St - Apartments FOR SALE


Marysville, CA 95901
$600,000 USD
916-224-9808
20 3rd St, Marysville, CA for Sale
$600,000 USD
Apartments - FOR SALE
1/12
null | 7.03% Cap Rate

20 3rd St
Marysville, CA 95901


HIGHLIGHTS

  • Spacious One Bed/One Bath Units
  • Vintage Property with Modern Updates
  • Approx. $200,000 in Recent Capital Improvements
  • Turnkey Fourplex Ideal for Investors or Owner-Occupants
  • Conveniently Located near Downtown Marysville

OVERVIEW

Colliers is pleased to present 20 3rd Street, a well-maintained fourplex located in Marysville. This fully occupied property features four spacious 1-bedroom, 1-bathroom units, each offering comfortable living spaces and consistent rental income. With all units currently leased, this property presents a strong income opportunity with room to increase rents over time. Its central location and simple layout make it easy to manage and appealing to tenants. All units underwent comprehensive renovations in 2022, with one unit receiving an additional interior upgrade in January 2025. Further enhancements to the property include roof repairs, full re-plumbing of the two upper-level units, installation of new windows, fresh exterior paint and doors, newly constructed staircases and decks, and complete upgrades to kitchens, bathrooms, and flooring throughout. In total, approximately $200,000 in capital improvements have been invested in the property in preparation for its sale. The new owner will have the benefit of owning a turnkey fourplex ideal for investors or owner-occupants. They will further have the ability to transfer the water or sewer bill responsibility to the tenants as each unit is billed separately.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$183 USD /SF

# OF UNITS

4

PRICE/UNIT

$150,000

CAP RATE

7.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

010-290-002

ASK ABOUT THIS PROPERTY

Aaron FrederickColliersMore Info
916-224-9808

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Aaron FrederickColliersMore Info
916-224-9808

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.