Wow! First Time On Market! Great opportunity to own a 4-Plex in Historic downtown Colfax. Zoned Commercial & Residential Income. The possibilities are endless. Live in one unit, office in another & rent 2 units to pay your mortgage or Rent all 4 units for maximum potential. How about multi-generational family units?? Huge double lot (.322 acre), beautiful mature front landscaping w/auto sprinklers, plenty of tenant parking, alley access, additional ADU possible & ton of room for a garden. This 4-plex has Two 2bd/1bath units & Two 1bd/1bath units. Both 2b/r downstairs units have central heat & air, patio access & one unit has private 859 sqft basement. All units are roomy with large kitchens, bathrooms & bedrooms. 6% CAP Rate. Rents are currently under market value but w/some cosmetic updating, this investment will not disappoint. Walk to post ofc, shopping, restaurants, bank, & high rated schools. Just minutes to Rollins Lake Reservoir, 5 min to I80, 45 Sac, 1.5 to Reno.
Mixed Use, Fourplex, Multi-Family, A-Frame, 2 Story
In & Connected,Public Sewer
626 sq. ft
Detailed Room Information
- Washer/Dryer Owned,Varies by Unit,Laundry Closet,Washer/Dryer Hookups
- Free Standing Refrigerator,Dishwasher,Disposal,Electric Cook Top,Electric Water Heater,Free Standing Electric Oven,Free Standing Electric Range
- Vinyl, Carpet, Linoleum
- Central Air, Ceiling Fan(s), Wall Unit(s)
- Electric Heating, Propane. Central, Varies by Unit, Wall Furnace.
Exterior / Lot Features
- 10 Parking Spaces. 0 Covered Parking Spaces. Off Street,Street,Uncovered,Varies by Unit,Guest Parking Available.
- Wood, Frame
- Balcony/Deck,Uncovered Deck,Covered Patio
- Auto Sprinkler F&R
- Structural Condition
- Additional Exterior/Lot Features
- Auto Sprinkler F&R,Curb(s),Shape Regular,Landscape Front, Fenced Yard,Yard Space, Balcony/Deck,Uncovered Deck,Covered Patio. Auto Sprinkler F&R,Curb(s),Shape Regular,Landscape Front.
Active Market Trends
Median list price
Days On Market
Properties For Sale
Sold Market Trends
Median sold price
Median Sq. Ft. Price
Courtesy: Tami Hampshire, Foothill Properties
Agent License: 01745276