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Hill House | 4 Unit Comm-Multi Family 409 Washington Blvd 4 Unit Apartment Building $1,453,725 CAD ($363,431 CAD/Unit) 7.60% Cap Rate Roseville, CA 95678
INVESTMENT HIGHLIGHTS
- All 4 units have separate meters
- Common Laundry for 2 units, and individual laundry for main house and Unit 2.
- Newer HVAC, Electrical & Plumbing
EXECUTIVE SUMMARY
Rare opportunity to own a fully renovated historic four-plex in Roseville. This mixed-use property is zoned Residential on Commercial Land & offers a large main Craftsman style home known historically as the Hill House built in 1918 as well as a separate duplex at the rear. With a labor of love, no expense has been spared restoring this historic beauty to modern comforts. Seller has heavily invested almost as much as they initially paid for the property towards extensive improvements to ALL units including NEW electrical, plumbing, HVAC, sewer lines, flooring, paint, and separate meters for each unit. Front 2 units include Unit 409: main-level house 3bd/2bth, and Unit 409 1/2: upstairs 2 bd/1bth w/kitchen, living & w/separate ext stair access. Behind the main house is a driveway with room for 3 cars & a detached DUPLEX building with 1bd units and garage. The DUPLEX appears to have been built in the 1950's including additional parking behind the duplex. 2696 sqft of total living area with 7bd and 5ba. The property is in a prime location in the heart of Old Town Roseville! Gross monthly income is $6,650, annual at $79,800 with a gross 6.13% Cap Rate. Eligible for conventional financing, and even FHA with as little 3.5% down. A labor of love for owner, but health issue forces sale.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $1,453,725 CAD | Apartment Style | Garden |
| Price Per Unit | $363,431 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 7.60% | Building Size | 2,696 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1918/2023 |
| Property Subtype | Apartment | Parking Ratio | 0.74/1,000 SF |
| Zoning | Res on Comm Land - Downtown District/Commercial-Res Mix Use | ||
| Price | $1,453,725 CAD |
| Price Per Unit | $363,431 CAD |
| Sale Type | Investment |
| Cap Rate | 7.60% |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 2,696 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1918/2023 |
| Parking Ratio | 0.74/1,000 SF |
| Zoning | Res on Comm Land - Downtown District/Commercial-Res Mix Use |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Ceiling Fans
- Kitchen
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $3,184 CAD | 2,000 |
| 2+1 | 1 | $2,423 CAD | 690 - 1,750 |
| 1+1 | 2 | $1,800 CAD | 600 |
1 1
Walk Score®
Very Walkable (83)
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Hill House | 4 Unit Comm-Multi Family | 409 Washington Blvd
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