5543-5553 Feather River Blvd - Multi-Family FOR SALE


Olivehurst, CA 95961
$1,200,000 USD
530-401-1885
5543-5553 Feather River Blvd, Olivehurst, CA for Sale
$1,200,000 USD
Multi-Family - FOR SALE
1/17
null | 6.56% Cap Rate

5543-5553 Feather River Blvd
Olivehurst, CA 95961


HIGHLIGHTS

  • (9) Individual Cottage Homes on 1.1 Acres.
  • Significant Upside Through Loss-to-Lease Recapture, Realizing an 8.86% Pro Forma CAP Rate.
  • Select Units Feature Carports, Private Fenced Yards, and Washer/Dryer HookUps.
  • Major Property Property Improvements Completed Over the Last 5 years, Including; All New Roofs, New Siding/Paint on Most Units, and Interiors Updated.
  • 6.56% Day One CAP Rate.

OVERVIEW

ALIVE Commercial Real Estate is proud to exclusively offer 5543-5553 feather river blvd, a well-maintained 9-unit multifamily property located in Olivehurst, CA. Spanning approximately 1.1 acres, this community features a desirable unit mix of (6) one-bedroom/one-bath cottages, (2) two-bedroom/one-bath cottages, and (1) threebedroom/two-bath single-family home. Many units include washer/dryer hookups, covered carports, and fenced front and back yards, making them an attractive option for small families priced out of the single-family housing market. Current ownership has made significant interior and exterior upgrades over the past few years, creating a more appealing and functional living environment. Several units remain rented up to $500 below market, offering strong value-add potential. With further rent optimization, a new owner has a clear path toward a stabilized CAP rate of 8.86%.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$207 USD /SF

# OF UNITS

9

PRICE/UNIT

$133,333

CAP RATE

6.56%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Feather River Cottages

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

020-202-025-000,020-202-026-000

ASK ABOUT THIS PROPERTY

Isaac MerrittALIVE Commercial Real EstateMore Info
530-401-1885

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Isaac MerrittALIVE Commercial Real EstateMore Info
530-401-1885

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.