1001-1009 5th St
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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.
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 | Apartment Style | Low Rise |
Price Per Unit | $181,250 | Building Class | C |
Sale Type | Investment | Lot Size | 0.30 AC |
Cap Rate | 6.02% | Building Size | 4,761 SF |
Gross Rent Multiplier | 10.5 | Average Occupancy | 100% |
No. Units | 8 | No. Stories | 1 |
Property Type | Multifamily | Year Built | 1960 |
Property Subtype | Apartment |
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 | - |
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Walk Score ®
Very Walkable (74)
PROPERTY TAXES
Parcel Number | 008-103-001 | Total Assessment | $380,889 |
Land Assessment | $94,165 | Annual Taxes | ($1) ($0.00/SF) |
Improvements Assessment | $286,724 | Tax Year | 2023 |
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 |
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1001-1009 5th St
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