809 F StMarysville, CA 95901

Property Details for 809 F St

Lot size

0.40 AC

Property type

Apartment buildings

Description

This exceptional 10-unit apartment building presents a compelling value-add opportunity in the heart of Marysville, CA. The property, encompassing two buildings totaling approximately 12,000 square feet on a 0.4-acre lot, features a mix of one, two, and three-bedroom units ranging from 900 to 1040 square feet. Currently operating at 100% occupancy, the property boasts a 5.00% cap rate with a pro-forma cap rate of 6.90%, reflecting significant upside potential. The current NOI is $86,642, projected to increase to $120,908 with proactive management. Extensive renovations were completed in 2018 and 2023, including a $1 million investment in exterior and interior improvements, updated kitchens in three units, and the installation of tile and bamboo flooring, custom cabinets, and dual-pane windows. Amenities include on-site laundry facilities, ample parking, and four additional storage units (approximately 250 sq ft each) plus a 300 sq ft office space with a full bathroom, all currently underutilized. The property's prime location in downtown Marysville offers convenient access to shopping, schools, restaurants, entertainment, Ellis Lake, parks, and the Adventist Health-Rideout Memorial Hospital. Its proximity to Yuba City, Roseville, and Sacramento provides easy access to major employment centers. Current rents are significantly below market, presenting a substantial opportunity to increase revenue through lease adjustments and the monetization of existing underutilized spaces. The asking price is $1,750,000, or $175,000 per unit. APN: 010-045-008, 009.

Location Insight

City

Marysville

County

Yuba

State

California

Latitude

39.1438

Longitude

-121.592

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