Studio house for sale

Overview

Rare opportunity to own a fully renovated historic four-plex in Roseville. This mixed-use property is zoned Residential on Commercial Land and 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 and w/separate ext stair access. Behind the main house is a driveway with room for 3 cars and 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.