

Listed by RE/MAX AT HOME
$6,999,970
SunnySide Apartments
Details
APN 1136327042
Property Type Multifamily
Sub Type Apartment Building
Square Footage 49,680
Net Rentable (SqFt) 49,680
Units 48
Cap Rate 8.01%
NOI $560,700
Occupancy 100%
Price per SqFt $141
Broker Co-Op Yes
Class B
Year Built 1978
Year Renovated 2023
Buildings 6
Stories 2
Acreage 2.420
Zoning Residential
Parking Spaces 86 spaces
Parking Per SqFt 1.73
Investment Type Institutional
Occupancy Date 01/04/2025
Ownership Corporation
Multifamily | 48 Units | $145,833/unit
Marketing description
**Incredible Investment Opportunity!** This fully occupied apartment complex features long-term tenants with current rents significantly below market value, offering substantial potential for income growth. Recent updates include a newer roof (2019) and brand-new windows and patio doors (2023). The property consists of two garden-style, two-story buildings totaling 48 units: 36 two-bedroom and 12 one-bedroom apartments, each with separate utilities. The two-bedroom units in Building 620 include in-closet washers and dryers. Additionally, there is a one-story structure between the buildings that serves as an office and storage space. With 85 paved parking spaces, this property is not only a strong rental investment but also presents an excellent condo conversion opportunity. Don't miss this chance to capitalize on a fantastic income-producing asset with significant growth potential!
Investment highlights
*Newer Roof, Siding, Windows & Patio Doors Throughout.
*Fantastic opportunity to increase rent and profit.
*100% Occupied
*Over 8% Actual CAP-Rate
Listing Contacts


Listed by RE/MAX AT HOME
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$560,700.00
$46,725.00/mo
Valuation Metrics
0
DSCR
8.01%
Cap Rate
8.01%
ROI
Map
Zoning
R5 ResidentialMulti FamilyMultiple Family District
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View all 26 uses
View all 26 uses Last updated Mar 6, 2026 For deeper zoning details, reports are available at Zoneomics
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Tax History
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