1001-1009 5th St
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1001-1009 5th St
8 Unit Apartment Building $2,036,786 CAD ($254,598 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| 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 (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,036,786 CAD | Apartment Style | Low Rise |
| Price Per Unit | $254,598 CAD | 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 | $2,036,786 CAD |
| Price Per Unit | $254,598 CAD |
| 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 | $2,662 CAD | - |
| 1+1 | 6 | $1,874 CAD | - |
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Walk Score ®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 008-103-001 | Total Assessment | $533,778 CAD |
| Land Assessment | $131,963 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $401,815 CAD | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
008-103-001
Land Assessment
$131,963 CAD
Improvements Assessment
$401,815 CAD
Total Assessment
$533,778 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | R-3, Lincoln |
| R-3, Lincoln |
-
Tim Swanston -
North Coast Commercial, Inc.
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1001-1009 5th St
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