For Sale
$1,100,000

6350 State Highway 193Georgetown, CA 95634

12-Unit Income Property, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 12-unit apartment building in Georgetown, CA, boasting a substantial 5,250 square feet on a nearly one-acre lot (APN: 061-391-038-000). The property, classified as a Class B multifamily building, is currently listed at $1,100,000 and offers a compelling 10% cap rate. The complex comprises eleven guest units, each equipped with kitchenettes, microwaves, refrigerators, and wireless internet access. A comfortable manager's suite is included on-site, providing convenient on-site management. Additional amenities include dedicated office space, a recreation area, a laundry room, ample storage, and sufficient parking. The property's prime location offers easy access to local restaurants, parks, and shopping, and is conveniently situated just 30 minutes from stunning lakes via Wentworth Springs Road, providing access to outdoor recreational activities. This property presents a strong income stream with significant value-add potential, making it an ideal investment for discerning buyers seeking a high-yield asset in a desirable location within the Black Oak Mine School District. The property's size and location offer potential for future expansion.

Highlights

  • Income-producing property in Georgetown, CA.
  • High 10% cap rate.
  • MLS# 224050854.
  • .93-acre lot (APN: 061-391-038-000).
  • Located in the Black Oak Mine School District.
  • 11-unit apartment building with manager's unit.

Property Details for 6350 State Highway 193

Property type
Apartment buildings
Square Feet
5,250 SF
Class
B
Lot Size (sq. ft)
40,511 SF
Units
12

Location Insight

City
Georgetown
County
El Dorado
State
California
Latitude
38.9044849
Longitude
-120.8365025
6350 State Highway 193, Georgetown, California

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6350 State Highway 193
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