2985 Clay St - Residential Income FOR SALE


Placerville, CA 95667
$899,000 USD
323-573-4995
2985 Clay St, Placerville, CA for Sale
$899,000 USD
Residential Income - FOR SALE
1/17
null | 10.4% Cap Rate

2985 Clay St
Placerville, CA 95667


HIGHLIGHTS

  • Charming Duplex; City amenities with small town charm.
  • Ideally located in Historic downtown Placerville, CA.
  • Turn-key, Licensed

OVERVIEW

Renovated and newly vacated, prepped and move in ready! - Location, Location, Location - Great 1031 Exchange 9.85% CAP Rate 2-unit Duplex FOR SALE (potential to convert detached garage into a 3rd unit) - See video links below. Main house plus permitted ADU. Rent as a 2-unit Duplex or operate as Turn-key, City Licensed for Hospitality. - Current owners successfully rent via social media, (BnB) Bed and Breakfast, Potential for Wine Tasting Room. Sale includes real estate. Situated in the Wine Region of the Sierra Foothills in El Dorado County. Highly desirable downtown location in the Historic District (no historic restrictions), As-is or Value-add opportunity. Upside potential to add an ADU as an additional guest house or 3rd rental unit, to this current 2-unit property. Motivated seller. Also, potential for possible wine tasting room or single-family residence or tri-plex, with multi-generational family living option(s), many possibilities... *Motivated sellers, as they are Retiring out of state. All reasonable offers to be considered. Gorgeous Mansion with ADU; Live in one unit and rent the other. Lease as a Duplex, Single-Family with Multigenerational option or BnB. 8.5% CAP Rate (with potential to increase value), Turn-key, City Licensed for hospitality rental and/or a full-service Bed and Breakfast. Current owners successfully rent via social media. Includes real estate. All reasonable offers to be considered. Situated in the Wine Region of the Sierra Foothills in El Dorado County. Highly desirable downtown location (walk score 98), Upside potential to add a third unit, as an additional guest house or 3rd rental unit, to this current 2-unit property. Ideally located in Historic downtown Placerville, CA. Value-add opportunity. Also, potential for possible wine tasting room or single-family residence with multi-generational family living option(s), many possibilities. Owners retiring out of state – “We chose this special location; besides the charming town, it is also below the snow line and equidistant to Sacramento Int’l. Airport and Lake Tahoe.” Conveniently walk to a variety of dining options from foodie-type restaurants to casual bars. There are 70+ vineyards nearby for delightful wine tasting adventures, as well as Apple Hill, which boasts 50+ orchards. This property is a popular destination for hosting sommeliers traveling for local wine purchases. Youtube Video Tour: https://www.youtube.com/watch?v=GClOylk2z1c Can be delivered vacant upon request. Financials to be disclosed to qualified buyers. Our sellers are motivated, as they are retiring out of state. ***Video links and photos below, please text or email for additional photos and videos. A must see! Also, a great property for Office Use or other, walking distance to El Dorado County Superior Court, 1 mile to Marshall Hospital. PLEASE DO NOT DISTURB OCCUPANTS – DO NOT WALK ON PROPERTY WITHOUT AN APPOINTMENT w/ LISTING AGENT: LJ Mismas Keywords: executive lease, office, short term rental, licensed hospitality, boutique hotel, rental income, cap rate, established business, Value-add, Upside potential, Wine tasting, multifamily, apartment, guest house, multigenerational living, great 1031 tax deferred exchange, best, ADU

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$252 USD /SF

CAP RATE

10.4%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

LOCATION...2 unit Queen Anne Victo ADU Duplex

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1901

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

R2

APN/PARCEL ID

002-131-050-000

ASK ABOUT THIS PROPERTY

LJ MismasRE/MAX Commercial & Investment RealtyMore Info
323-573-4995

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LJ MismasRE/MAX Commercial & Investment RealtyMore Info
323-573-4995

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