Michael Mathios 9162884522

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.

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