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1557-1597 Bruce Drive
Anderson, CA 96007
Richard Howe with Better Homes and Gardens Real Estate Results, original listing - (530) 949-4895

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Property Details


List Price: $4,000,000
Beds: --
Baths: --
Status: Active
SqFt: --
Agency: Better Homes and Gardens Real Estate Results
Agency Phone: (530) 949-4895

Map Details Show Map | Show StreetView




Description/Comments


Lot Size: 0 sqft
Property Type: Residential Multi Family-Other
Year Built: 1964
Notes: 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.
MlsNumber: --
ListingId: 24_4057


Listing Provided By: Better Homes and Gardens Real Estate Results, original listing
Phone: (530) 949-4895
Office Phone: (530) 949-4895
Agent Name: Richard Howe
Disclaimer: Copyright © 2024 Better Homes and Gardens Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Local Real Estate Expert

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Randy Campbell
ASCIIeXp Realty
Call Today!: (530) 227-2862

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