For Sale
$4,000,000
1597 Bruce Dr Anderson, CA 96007
High-Yield Multifamily Investment in CA
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- Anderson Park Village, a 40-unit multifamily property in Anderson, CA, offers a 1031 exchange opportunity.
- The 2.5-acre property features ten 2-story buildings with a mix of one, two, and three-bedroom units, plus a manager's unit.
- Currently 100% occupied (as of August 1, 2024), generating a $248,030 NOI and a 6.20% cap rate.
- Pro-forma NOI is projected at $309,828, with a 7.75% pro-forma cap rate.
- Amenities include on-site laundry and a seasonal pool; the property includes owner-owned solar power for the manager's unit and laundry.
- Asking price: $4,000,000.
Property Details for 1597 Bruce Dr
- Property type
- Apartment buildings
- Year Built
- 1964
- Buildings
- 10
- Stories
- 2
- Lot Size (sq. ft)
- 108,900 SF
Location Insight
- City
- Anderson
- County
- Shasta
- State
- California
- Latitude
- 40.4420595
- Longitude
- -122.2985667
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - High-Yield Multifamily Investment in CA
- Where is the apartment building located?
- The property is located at 1597 Bruce Dr Anderson, CA.
- What is the asking price?
- The asking price for this property is $4,000,000.
- What are key features of this property?
- This property features: Anderson Park Village, a 40-unit multifamily property in Anderson, CA, offers a 1031 exchange opportunity.; The 2.5-acre property features ten 2-story buildings with a mix of one, two, and three-bedroom units, plus a manager's unit.; Currently 100% occupied (as of August 1, 2024), generating a $248,030 NOI and a 6.20% cap rate.
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