This listing offers a fantastic investment opportunity in Foresthill, CA, with three beautifully remodeled homes on two lots situated in a tranquil and picturesque area. It is worth noting that all three homes share a single septic tank. The listing includes both 24535 and 24545 Foresthill Rd (APN's 007-182-015-000& 007-182-014-000) and boasts an impressive monthly rental income of $5,350. 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. MLS #s listing included in the portfolio 223021719,223021624,223020926,223020949,223020889,223020935,223020910
Features
5 bedrooms
1 bathroom
directions_car2 carspaces
1848 sq. ft. floor area
crop_free6970 sq. ft. lot size
cottageSingle-Family
Property history for 24535 Foresthill Rd
2017
Sold
$305,000
12 Jan 2017 by Kim Poie
Happy sellers in Foresthill
~%
We have insufficient information to provide an overview of customer satisfaction for Foresthill. Viewing the agent profiles, reviews and sales for Foresthill can provide insights for this location.
Local market activity for 5 bedroom single-family properties in Foresthill
Sold
For Sale
View the listing for inspection times, agent contact details, and more.