For Sale
$425,000

20844 Front St Cottonwood, CA 96022

High-Yield Investment: 7.66% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional mixed-use property, located at 20844 Front St, Cottonwood, CA 96022 (APN 088-110-034-000), presents a lucrative investment opportunity. The 2,800 square foot building, situated on a 2,800 square foot lot, is zoned C-2-DR and boasts a 100% occupancy rate since January 1, 2016. The property features a popular local tavern/watering hole on the ground floor and two one-bedroom apartments above, one with a balcony overlooking Front Street. The three units generate a substantial Net Operating Income (NOI) of $32,545, resulting in an attractive 7.66% capitalization rate. The asking price is $425,000, translating to $151.79 per square foot of net rentable area (2,650 sq ft). Leases are gross, with a multi-tenant occupancy structure. The two-story building offers a blend of commercial and residential income streams, providing a stable and potentially appreciating asset. This is a rare opportunity to acquire a well-established, high-performing property in a desirable location. The property's strong cash flow and prime location make it an ideal investment for both seasoned and new investors seeking a solid return.

Highlights

  • $425,000 asking price for a mixed-use property.
  • 7.66% cap rate with a $32,545 NOI.
  • 2,800 square feet total, 2,650 square feet net rentable, priced at $151.79 per square foot.
  • 100% occupancy with three tenants under a gross lease since January 1, 2016.
  • Located at 20844 Front St, Cottonwood, CA 96022, APN 088-110-034-000, on a 2,800 square foot lot.
  • Features a popular tavern/watering hole with two one-bedroom apartments, one with a balcony.

Property Details for 20844 Front St

Property type
Mixed-use properties
Square Feet
2,800 SF
Class
C
Stories
2
Units
3

Location Insight

City
Cottonwood
County
Shasta
State
California
Latitude
40.382427862175
Longitude
-122.27991482334

FAQs

What type of property is this?
Mixed-use property - High-Yield Investment: 7.66% Cap Rate
Where is the mixed-use property located?
The property is located at 20844 Front St Cottonwood, CA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: $425,000 asking price for a mixed-use property.; 7.66% cap rate with a $32,545 NOI.; 2,800 square feet total, 2,650 square feet net rentable, priced at $151.79 per square foot.
How can I contact the broker?
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20844 Front St
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