612 N Mount Shasta Blvd

Don’t miss this incredible investment opportunity. As a self managed investment, the cap rate is almost 6. If you are looking for a 2nd or vacation home, rent it out when you aren't using it. Alternatively, you can live in one of the apartments or use one of the office spaces, pay your mortgage and have additional cash from renting the rest of the property. Want a live/work situation? This could be for you. Il Giardino (the garden) is a mixed use, commercially zoned, award winning historic building. Centrally located on the boulevard in the heart of Mt Shasta City the location offers walkability to stores, restaurants and services. Currently there are two office suites and two residential suites. Residential suites are City of Mt Shasta licensed vacation rentals. License is fully transferable to new owners. The building Architectural style of the exterior emulates a western store front motif reflecting the heritage of Mt Shasta City. An 8’ glass door with sidelights welcomes occupants, guests and clients into the high ceilinged mediterranean style courtyard lobby filled with tropical plants beneath a giant skylight. Period lighting, lunettes, arches and an ivy covered trellis complete the illusion of an Italian country garden. A short flight of stairs with wrought iron railing leads up to a balcony that overlooks the courtyard. The balcony leads to a 900 square foot 2 bed 1 bath old world apartment with coved ceilings, hardwood floors and a wood burning fireplace. A few steps up through an arched opening are two bedrooms and a bathroom. The apartment has a fully equipped kitchen with stunning views of Mt Shasta. The master bedroom shares the same view. Apartment is fully furnished right down to the silverware for a turnkey home or vacation rental.* Off the lobby are two generous sized two-room office/retail suites with twelve foot ceilings and lots of light from large skylights and windows. Each suite is decorated with wainscoting and a three color paint scheme. Down a short hallway off the lobby is a restroom and a ground level studio apartment that was custom designed in a euro-modern style featuring a kitchenette, sleeping alcove, bathroom and lots of builtin furniture and storage. Fully furnished and equipped for living and/or vacation rental with a great view of Mt Shasta from the backdoor. All four suites have an entry from the lobby as well as a backdoor out to a private parking lot. Building details Remodeled in 2000 with all new electrical, plumbing, mechanical, heating, siding, windows, and energy package. Within the last five years new more efficient mini splits have been installed in each suite. There is CAT5 cable throughout the building. Each suite has its own electric meter. Siding is a mix of low maintenance Hardiplank lapped siding and stucco. Flat roof is a built up hot mopped asphalt with energy efficient and low maintenance elastomeric coating. The flat roof is ideal for a solar electric system. Up to a gigabit internet is available. Finished occupiable space is approximately 2300 square feet. Half basement is finished with sheetrock, recessed lighting, electrical service and concrete floors. It has two rooms with separate entry from the parking lot with a total of 400 square feet secured storage or ??? Building has been well maintained and is in excellent condition. Financial details The two office suites are currently leased. The two apartments are currently used as vacation rentals. Full financials are available with an accepted offer. Current owner will provide training and resources for the vacation rental operation. Alternatively I can recommend a good manager to run the operation for you. Current owner can help secure financing or may consider seller financing with good credit and down payment. Please contact for more information or to schedule a viewing. Serious inquiries only. *Some exclusions may apply.