515
Highway 49,
Sonora,
California
CA
95370-5667
Price: $5,500,000
Mortgage Calculator
Listing ID: 222111900
Status:
Active
SqFt:
125,017
Sq Ft
Acres:
2.870
Acres
Year Built:
1955
Fantastic investment opportunity in the heart of Sonora. Mills Garden Apartments is a one-story, 34 Unit apartment building comprising of eleven (11) one-bedroom units, twenty-two (22) two-bedroom units, and one (1) three bedroom unit. The property features tenant parking, on-site storage, appliances, and garages for select units. These buildings are almost fully leased and boast a strong history of occupancy due to the desirable Sonora address. The Mills Garden Apartments is home to many long-term tenants. The property presents significant future upside potential for a new owner. Conveniently situated near Highway 49, tenants can easily reach Downtown Sonora in minutes.
Primary Features
County:
Tuolumne
Price Before Reduction:
6000000
Price Reduction Date:
2022-12-27T21:33:08+00:00
Year Built:
1955
Interior
Appliances:
Free Standing Gas Oven, Free Standing Refrigerator, Free Standing Electric Oven
Cooling:
Ceiling Fan(s), Wall Unit(s)
Flooring:
Carpet, Vinyl
Heating:
Wall Furnace
Laundry Features:
Washer/Dryer Hookups
Levels:
One
Number of Floors:
1
Stories:
1
External
Architectural Style:
Bungalow, Cabin
Construction Materials:
Concrete, Frame
Electric:
220 Volts
Foundation:
Raised, Slab, Concrete
Garage Spaces:
23
Irrigation:
Public District
Lot Features:
Shape Irregular
Lot Size Source:
Assessor Agent-Fill
Number of 1 Bedroom Units:
11
Number of 2 Bedroom Units:
22
Number of 3 Bedroom Units:
1
Number Of Buildings:
34
Number Of Units Total:
34
Open Parking Spaces:
10
Parking Features:
Attached, Garage, Varies by Unit
Roof:
Composition
Sewer:
In & Connected
Total Parking Spaces:
34
Units Furnished:
None
Utilities:
City
Water Source:
Water District
Location
Area/District:
22042
Association:
No
Directions to Property:
Drive to CA-49 S in Sonora. Turn left onto CA-16 E. Then slight right onto CA-49 S. Use the left 2 lanes to turn left onto CA-49 S/CA-88 E. Continue to follow CA-49 S and the property will be located on the left.
Elementary School District:
Sonora
Middle or Junior School District:
Sonora
School District (County):
Tuolumne
Senior High School District:
Sonora Union High
Zoning:
R2
Additional
Actual or Scheduled:
Actual
APN:
035-242-015
Census Tract:
2.87
Property Disclaimer:
All measurements and calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Copyright © 2022, MetroList Services, Inc. Any offer of compensation in the real estate content on this site is made exclusively to Broker Participants of the MetroList® MLS & Broker Participants of any MLS with a current reciprocal agreement with MetroList® that provides for such offers of compensation.
Signs:
Yes
Subtype Description:
Apartments
Year Built Source:
Assessor Agent-Fill
Financial
Income Includes:
Rent Only, Other
Special Listing Conditions:
None
Total Number Leasable:
34
Zoning Info
A "V" next to any listing's price indicates that that the seller is willing to entertain offers within the Listing Price range. For example, a Price Range of $140,000-170,000 indicates the seller will entertain offers from $140,000 to $170,000. An "M" or an "S" next to any listing's price indicates that the terms of the listing agreement state that the Broker will not be providing any of a number of customary services. the offer of compensation is made only to Participants of MLS where the subject listing is filed and in accordance with such MLS's regulations or rules
Contact - Listing ID 222111900
Kathy Papola
167 South Auburn Street
Grass Valley, CA 95945
Phone: (530) 271-3815
Data services provided by IDX Broker
Kathy Papola has 36+ years experience successfully representing buyers and sellers of estates, ranches, residential, subdivisions, land and commercial properties with a background including financial lending, recreational lake management and a real estate brokers license in the State of Nevada.