Property Description
GROVESIDE VILLAGE
| Price | $6,950,000 | Building Size | 23,000 SF |
| Price Per Unit | $302,174 | Average Occupancy | 100% |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 4.06% | Year Built | 2017 |
| No. Units | 23 | Parking Ratio | 2.13/1,000 SF |
| Property Type | Multifamily | Zoning Description | R-12 |
| Property Subtype | Apartment | APN / Parcel ID | 156441-000 |
| Apartment Style | Garden | Opportunity Zone | No |
| Building Class | C |
EXECUTIVE SUMMARY
Groveside Village Apartments, 23 units total, 22 2 bedroom, 1 bath, approx. 1,063 square feet units, one 1,063 SF studio/office. 49 parking spaces, including 20 garages (rented to tenants and or public) 20 carports and 9 open stalls.
FINANCIAL SUMMARY (ACTUAL - 2020) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income | $387,340 | $16.84 |
| Other Income | - | - |
| Vacancy Loss | - | - |
| Effective Gross Income | $387,340 | $16.84 |
| Taxes | $44,894 | $1.95 |
| Operating Expenses | $60,390 | $2.63 |
| Total Expenses | $105,284 | $4.58 |
| Net Operating Income | $282,056 | $12.26 |
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Refrigerator
- Range
Basic Details
Property Type : Multi-Family
Listing Type : Sold/Leased
Price : $6,950,000
Bldg Size : 23,000 Sqft
Lot Area : 1.86 Sqft
Bathrooms : 1
Listing ID : 1496
Features
Cap Rate : 4.06
Additional Photos
Additional Photos :
Multi-Family Sold/Leased
- Listing ID : 1496
- Bathrooms : 1
- Bldg Size : 23,000 Sqft
$6,950,000
Broker info
- Brandi M. Ho
- 360.823.5112
- 360.921.0593
- 360.823.1112
- Brandi@MAJCRE.com
Contact Broker
