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16761 Lawrence Way

Alta Sierra CA 95949

3
3
2
1303 sq. ft.
20038 sq. ft.
Single-Family
Currently for sale - view listing

Overview

This expansive property boasts three bedrooms and three bathrooms, situated on a nearly half-acre lot. In addition to a detached garage, which has the potential to be converted into two separate units - a one bedroom, one bathroom on the top level and a two bedroom, one bathroom on the bottom level. The estimated monthly pro forma income for this property could be upwards of $6500. The property can be bought individually or as part of a package deal along with other listings in the portfolio. The sellers are willing to offer a discount for the purchase of the entire portfolio. With a net operating income of $412,668, the cap rate for this property is impressive. The properties have been well-maintained and were completely remodeled with high-quality materials, minimizing the need for maintenance. Furthermore, the leases come with double to triple deposits, providing an added advantage. The rental history is excellent with very few vacancies. There is also an opportunity to increase the value of the portfolio through the addition of ADUs. The portfolio includes MLS #s 223021624, 223020935, 223020889, 2230200949, 223020926

Features

3 bedrooms
3 bathrooms
2 carspaces
1303 sq. ft. floor area
20038 sq. ft. lot size
Single-Family

Happy sellers in Alta Sierra

88%
88% of sellers in Alta Sierra reported that their sale price either exceeded or met their price expectations.

Alta Sierra stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Alta Sierra over the last 12 months.

Local market activity for 3 bedroom single-family properties in Alta Sierra

In the last 12 months, 14 three-bedroom single-family properties similar to 16761 Lawrence Way, have been sold.

This represents a 87% increase in three-bedroom single-family properties sales when compared to the previous 12 months.

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