RE Brokerage
Listed by RE Brokerage
$1,499,000
48556 & 48522 Victoria Ln
Details
APN 064-083-035-000; 064-083-013-000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,752
Units 12
Cap Rate 5.60%
NOI $85,101
Occupancy 100%
Pro-Forma Cap Rate 6.70%
Pro-Forma NOI $100,938
Price per SqFt $139
Year Built 1993
Buildings 5
Acreage 2.550
Parking Spaces 20 spaces
Parking Per SqFt 1.86
Investment Type Value Add
Multi Family Opportunity In A High Rent Demand Area
Marketing description
Elderberry Properties is a 12 unit multy-family property built in 1993. Four buildings house 3 unit each. Each unit is 896 SqFt with 2 bed-rooms/1 bath. Each Building is 2,688 SqFt for a total of 10,752 SqFt.
The property is located within 2 miles of the unincorporated town center of Oakhurst.
The Buildings stand among established pine trees evoking a park like atmosphere
Investment highlights
- Part of the 2.55 acres remain undeveloped and can accommodate expansion.
- A1,200 SqFt community building houses 2 commercial washers & dryers, a 1/2 bath, and can be enhanced for various uses.
- Additional land to build more units.
- Video Link: https://tours.medallion360.com/121155
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$85,101.00
$7,091.75/mo
Valuation Metrics
0
DSCR
5.68%
Cap Rate
5.68%
ROI
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