506 3rd St
Galt, CA 95632
Three Galt Houses · Specialty Property For Sale
·
3,932 SF
Property Facts
| Property Type | Specialty | Building Size | 3,932 SF |
| Property Subtype | No. Stories | 1 | |
| Building Class | C | Year Built/Renovated | 1920/2020 |
| Lot Size | 0.40 AC | Parking Ratio | 1.27/1,000 SF |
| Zoning | DR | ||
| Property Type | Specialty |
| Property Subtype | |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 3,932 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1920/2020 |
| Parking Ratio | 1.27/1,000 SF |
| Zoning | DR |
Amenities
- Air Conditioning
About 506 3RD ST , GALT, CA 95632
The property is zoned R allowing multiple dwelling units. There are currently three homes on the site, but can be changed into an apartment. complex with many more units. This is a great investment property as it has a high cap rate, and their are limited rental properties available in the city of Galt. Most recently a similar property was sold at almost $200k more then this properties asking price. The property has huge upside. The houses are one APN. Owner is completing a lot line adjustment so the houses could be sold separately, or redeveloped into apartments. There are just a few apartments on 3rd street and a recent new Assisted Living development on 4th street at E street. There are current renovations on all three units throughout including the kitchens, bathrooms and windows. Once the renovations are completed the rent will be increased.
Property Taxes
| Parcel Number | 150-0244-003 | Improvements Assessment | $634,071 |
| Land Assessment | $252,036 | Total Assessment | $886,107 |
Property Taxes
