5815 Dunsmuir Ave - Apartments FOR SALE


Dunsmuir, CA 96025
$999,000 USD
530-859-2156
5815 Dunsmuir Ave, Dunsmuir, CA for Sale
$999,000 USD
Apartments - FOR SALE
1/15
null | 12.25% Cap Rate

5815 Dunsmuir Ave
Dunsmuir, CA 96025


HIGHLIGHTS

  • Walkable to the Amtrak station
  • 20 Minutes to Mt Shasta Ski Park
  • Seller financing
  • Seller interested in potential partnerships with the right fit
  • 30 condos and 8 commercial spaces
  • Engineered s approved with current buildings permits

OVERVIEW

Legacy Project in the center of Historic downtown Dunsmuir. Develop and own important Tourism infrastructure in the gateway to California's North. Ownership open to creative financing, such has owner-carry, equity partnership, or even a 2nd position lean, etc. Surrounded by conifer forests and alpine lakes, the Mt Shasta region is increasingly being hailed a junior, less crowded Tahoe. Engineering and Planning already complete, a truly shovel-ready project. Building permits are approved. Potential preservation tax credit. 30 condos and 8 commercial spaces.

FOR SALE DETAILS

PRICE

$999,000 USD

PRICE/SF

$22 USD /SF

# OF UNITS

38

PRICE/UNIT

$26,289

CAP RATE

12.25%

% LEASED

0%

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Travelers Hotel

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

C-2

APN/PARCEL ID

058-112-010

ASK ABOUT THIS PROPERTY

Matthew BryanElite Real Estate GroupMore Info
530-859-2156

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Matthew BryanElite Real Estate GroupMore Info
530-859-2156

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