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24790 Foresthill Rd 12 Unit Apartment Building $1,350,000 ($112,500/Unit) 6.70% Cap Rate Foresthill, CA 95631
INVESTMENT HIGHLIGHTS
- First time being offered for sale since it was developed in 1987
- Highly desirable unit mix of nine two bedroom units and three one bedroom units
- Unique value add opportunity to develop the rear section for RV/Boat storage
- Recent capital improvements include mini-split HVAC units installed in four units and exterior painted in last two years
EXECUTIVE SUMMARY
First time this property has been offered for sale since it was developed! Very well maintained community showing a strong sense of pride of ownership.
Unique value add opportunity to develop the rear section into a RV/Boat storage facility and capitalize on the strong demand for "toy" storage in the region.
Highly desirable unit mix of nine two bedroom units and three one bedroom units.
Contact listing agent for further details.
Unique value add opportunity to develop the rear section into a RV/Boat storage facility and capitalize on the strong demand for "toy" storage in the region.
Highly desirable unit mix of nine two bedroom units and three one bedroom units.
Contact listing agent for further details.
PROPERTY FACTS
| Price | $1,350,000 | Building Class | C |
| Price Per Unit | $112,500 | Lot Size | 2.01 AC |
| Sale Type | Investment | Building Size | 20,840 SF |
| Cap Rate | 6.70% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1987 |
| Property Subtype | Apartment | Zoning | RD 20 |
| Apartment Style | Low-Rise |
| Price | $1,350,000 |
| Price Per Unit | $112,500 |
| Sale Type | Investment |
| Cap Rate | 6.70% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.01 AC |
| Building Size | 20,840 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1987 |
| Zoning | RD 20 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
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PROPERTY TAXES
| Parcel Number | 007-160-022 | Improvements Assessment | $388,784 |
| Land Assessment | $262,587 | Total Assessment | $651,371 |
PROPERTY TAXES
Parcel Number
007-160-022
Land Assessment
$262,587
Improvements Assessment
$388,784
Total Assessment
$651,371
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24790 Foresthill Rd
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