3640 Main StCottonwood, CA 96022
- Mixed-use properties
- 960 SF
Property Details for 3640 Main St
- Year built
- 1979
- Construction
- WOOD
- Lot size
- 5.24 AC
- Property size (Sq ft)
- 960 SF
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- APN
- 088-160-073-000
- APU
- 88160073000
Description
This exceptional 5.24-acre mixed-use property presents a unique investment opportunity in Cottonwood, CA. Ideally situated on Main Street, the property boasts four rental units generating immediate income: three residential units and one commercial space. The residential units comprise a double-wide mobile home with three bedrooms and two bathrooms, a small single-family home featuring one bedroom and one bathroom, and a single-wide mobile home with two bedrooms, one bathroom, and a detached garage. The commercial unit, previously a doughnut shop, offers versatile potential for various businesses. Each unit is individually metered for electricity and natural gas, simplifying utility management and maximizing efficiency. The expansive lot allows for significant future development, with the possibility of constructing additional buildings while maintaining the existing rental income stream to offset construction costs. This property offers a blend of immediate return on investment and substantial long-term growth potential, making it an attractive proposition for savvy investors seeking a diversified portfolio. The existing structures are in place and generating income, minimizing initial investment risk. The prime Main Street location ensures high visibility and accessibility, further enhancing the property's value and appeal. This is a rare opportunity to acquire a substantial mixed-use property in a desirable location with immediate income potential and significant upside.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $173,013
- 6.5%
- $159,705
- 7%
- $148,297
-
Comparable approach
- Method
- Valuation
- Relative Method
- $137,069
- Geo Method
- $137,069
-
Alternative Use
- Use
- Valuation
- Residential
- $198,034
- Hospitality
- $181,398
- Educational
- $150,921
- Medical
- $156,111
- Retail
- $234,766
Location Insight
- City
- Cottonwood
- County
- Shasta
- State
- California
- Latitude
- 40.3932
- Longitude
- -122.282
- CBSA code
- 39820
- CBSA name
- REDDING, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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