New roof November 2021. Below-market rents with imminent upside to market rents in downtown Fortuna. Rents on track to raise from $660 to $900/unit ($54K annually; market rent per existing property management company). Fully separately metered; possible subdivision (investigate with City). Excellent rental history. Low-maintenance, bright, desirable units with interior arches, charming built-ins, laundry income, new picnic table in central courtyard. All kitchens face central courtyard; exterior door leads to courtyard. Well-maintained by same property management company since acquired. Walk to middle and high schools, parks, shopping, downtown life, bus line. Close to freeway, Humboldt State University and the Community College. On-site shared laundry provides extra income. Proforma year is 2022-23. First time on the market in 16 years.
Off market
$620,900
308 10th St, Fortuna, CA 95540
--beds
0baths
2,820sqft
MultiFamily
Built in 1950
-- sqft lot
$620,900 Zestimate®
$220/sqft
$1,167 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced air, Electric, Gas
Cooling
- None
Appliances
- Included: Range / Oven, Refrigerator
- Laundry: Coin Operated
Features
- Flooring: Carpet, Linoleum / Vinyl
Interior area
- Total interior livable area: 2,820 sqft
Property
Parking
- Parking features: On-street
Lot
- Size: 6,098 sqft
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Year built: 1950
Utilities & green energy
- Utilities for property: Individual Electric Meters, Individual Gas Meters, Public Utilities
Community & neighborhood
Security
- Security features: Other
Location
- Region: Fortuna
Other
Other facts
- Listing Class: Commercial Multi-Residential (5+ units)
- Flooring: Carpet, Vinyl / Linoleum
- Foundation: Concrete Slab
- Listing Type: Exclusive Right to Sell
- Lot Size Area Maximum Units: Square Feet
- Lot Size Area Minimum Units: Square Feet
- Meters: Separate Electric, Separate Gas, Separate Water
- Subclass: Five or More Units
- Water: Public, Individual Water Meter
- Listing Status: Contingent
- Roof: Composition
- Lot Description: Grade - Level, Ground Floor
- Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
- Heating: Central Forced Air - Gas
- Laundry: Coin Operated
- Amenities Misc.: Walk-in Closet
- Energy Features: Double Pane Windows
- Garage Parking Features: On Street
- Sewer Septic: Sewer - Public
- Special Features: Other
- Security Features: Other
- Style: Contemporary, Cottage
- Additional Rooms: Laundry Room
- Structure SqFt Source: Other
- Kitchen: Hood Over Range, Oven Range - Electric, Refrigerator
- HOA Amenities: Common Utility Room
- Additional Listing Info: Not Applicable
Services availability

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