200 Carroll Street, Susanville, CA 96130

About this property

The Greystone Townhouses, a multi-family building, comprised 33 townhouse units. All with 2BR/1.5BA spacious units. Ideally located in the center of Susanville, Ca. Excellent income history with a proven track record. Well maintained with recent upgrades and capital investment of above market rate potential. Within the past 3 years, the owner replaced all double-pane windows in all units and painted the entire exterior complex. Upgraded geothermal systems, major unit plumbing repairs have been completed, plus smoke and CO2 detectors are included in all units. New gutters and parking lighting upgrades have been installed. The total improvement is worth over $298,931. Separated PG&E and water meters. Water heater inside each unit. 40% upside in rents. The property is close to Lessen High School. Close to the Medical center, Parks and trails. Near local historic landmarks. This is a turn-key property; a rare investment opportunity. High demand property. 100% fully occupied! Actual Cap Rate 6.45%.

Listing description from the October 2023 sale, as reported to CRMLS.

Sale history

$2,590,000

Sold October 2023 · listed $2,607,000, on market August 2023 · MLS #41035822 · Source: CRMLS

Listing Agent: Anna Li · Listing Office: Better Homes and Gardens RP · Contact: 510-868-1400 · Bought with: Andy Moore · Pierce Real Estate

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