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1557-1597 Bruce Drive

Anderson, CA 96007
  • $4,000,000
  • STATUS: Active
  • ON SITE: 13 Days
  • ID#: 24-4057
$4,000,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
N/A
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Description

40 Unit apartment complex for sale in Anderson CA. 10 structures on two parcels housing 9 - one bedroom one bath, 24 - two bedroom one bath, 6 - three bedroom one bath and a 3 bedroom one bath managers unit with separate office. On site laundry. Seasonally operated pool. Owner owned solar feeding mangers unit and laundry. 100% occupied with current gross monthly income of $35,660 ($427,920 yr), Approx. annual expenses of $179,000 presents a cap rate of 6.20%. Currently 60% of rents are below market rate. Once to market rental rate, gross income would exceed $500,000 yr. Some of the interiors have been remodeled and capital improvement on carports recently started. Great location across from public ball field/park, close to shopping and public transportation.

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IDX information © 2024 Shasta Association of Realtors MLS. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2024-10-02T23:59:06.37.

Licensed in the State of California.
www.searchshasta.com/homes/155475636
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1557-1597 Bruce Drive Anderson, CA 96007

  • Price: $4,000,000
  • Status: Active
  • On Site: 13 Days
  • ID#: 24-4057
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1964
Built
Neighborhood:
N/A
County:
Shasta
Area:
05 - Anderson
Property Description
40 Unit apartment complex for sale in Anderson CA. 10 structures on two parcels housing 9 - one bedroom one bath, 24 - two bedroom one bath, 6 - three bedroom one bath and a 3 bedroom one bath managers unit with separate office. On site laundry. Seasonally operated pool. Owner owned solar feeding mangers unit and laundry. 100% occupied with current gross monthly income of $35,660 ($427,920 yr), Approx. annual expenses of $179,000 presents a cap rate of 6.20%. Currently 60% of rents are below market rate. Once to market rental rate, gross income would exceed $500,000 yr. Some of the interiors have been remodeled and capital improvement on carports recently started. Great location across from public ball field/park, close to shopping and public transportation.
Exterior Features

Carport YN Yes Miscellaneous Pool Yes Parking Features AssignedUnassignedOff Street Stories 2

Interior Features

All Units Include Air Conditioner Yes Cooling Window Unit(s)

Property Features

Construction Materials Wood Siding Listing Terms Cash to New Loan Ownership Seller Property Sub Type Residential Income Special Listing Conditions []

Listing provided courtesy of Richard Howe of Better Homes Gardens Real Estate - Results: 530-949-4895.


IDX information © 2024 Shasta Association of Realtors MLS. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2024-10-02T23:59:06.37.

Licensed in the State of California.
 
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1823 Court St.
Redding CA, 96003