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1001-1009 5th St

8 Unit Apartment Building $1,450,000 ($181,250/Unit) 6.02% Cap Rate Lincoln, CA 95648

Investment Highlights

  • Single Level Cottage style units
  • On site laundry room
  • Rare Opportunity to own in Lincoln
  • Stabilized Building with upside

Executive Summary

1001 Fifth St is an 8 unit apartment building consisting of (6) 1 Bedroom 1 bathroom units, (1) 2 bedroom 1 Bathroom unit, and (1) Studio. The property is situated on a 13,068 sf lot with single level units. There is an onsite laundry room for the convenience of tenants. The building provides a rare opportunity to own in the highly desirable suburb of Lincoln.

Attachments

1001 5th St OM

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $1,450,000
Price Per Unit $181,250
Sale Type Investment
Cap Rate 6.02%
Gross Rent Multiplier 10.5
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.30 AC
Building Size 4,761 SF
Average Occupancy 100%
No. Stories 1
Year Built 1960

Unit Amenities

  • Air Conditioning
  • Kitchen
  • Oven
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Walk-Up
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 1 $1,895 -
1+1 6 $1,334 -
Walk Score ®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
008-103-001
Land Assessment
$94,165
Improvements Assessment
$286,724
Total Assessment
$380,889
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023

zoning

Zoning Code R-3, Lincoln
R-3, Lincoln
  • Listing ID: 33690647

  • Date on Market: 10/30/2024

  • Last Updated:

  • Address: 1001-1009 5th St, Lincoln, CA 95648

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