Georgetown Apartments

Georgetown, California

$1,250,000 | 0.93 ± Acres | El Dorado County

PROPERTY TYPE: Homes and Cabins

PROPERTY DESCRIPTION:

Prime Investment Opportunity: Apartments Complex in Georgetown Discover an exceptional investment opportunity with a high cap rate, just minutes from downtown Georgetown. Nestled on nearly an acre of land, the 5,250 sq. ft. Kinglike Apartments features 10 guest rooms and a spacious Manager's Suite. Key Features: Accommodation: 11 well-appointed guest rooms with kitchenettes, microwaves, refrigerators, and wireless internet. Perfect for both short-term and extended stays. Manager's Suite: Comfortable living space for on-site management. Facilities: Office space, recreation area, laundry room, storage room, and ample parking. Location: Proximity to local restaurants, parks, shopping, and more. Only 30 minutes to stunning lakes via the scenic Wentworth Springs Road. Guests can enjoy a range of outdoor activities, including hiking, swimming, and river rafting, making this motel an attractive destination for travelers and long-term tenants alike. Don't miss out on this prime investment opportunity in a thriving location!

PROPERTY HIGHLIGHTS:
  • Income Property
  • High Cap Rate
  • MLS#: 224050854
  • APN#: 061-391-038-000  .93 acres
  • Black Oak Mine School District
  • 11 Guest Units
  • Office Space
  • Recreation Area
  • Parking
  • Manager Unit on Site
ADDRESS:

6350 State Highway 193
Georgetown, California

COORDINATES:

38.9041087N, 120W

LOCATION/DIRECTIONS:
Use GPS: Coordinates: 38.9038, -120.8371. From I-80 East take 119C (Elm Ave)keep left to the ramp towards Downtown Auburn. Turn left on Elm Ave. Turn left to State Hwy 193-49. Continue on 193-49. Turn right on 49 to address on left.
TAXES:

$3495.00/year (2023)

Ed Perry
Ed Perry

Cell: (916) 517-9969

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Janet DeLeo
Janet DeLeo

Cell: (209) 304-2495
Office: (707) 455-4444

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Jeremy Pabst
Jeremy Pabst

Cell: (209) 304-7137

Contact Jeremy About Jeremy View All of Jeremy 's Listings

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