24 Unit Multifamily Portfolio

5074 Gaddy Ct, Kelseyville, CA

$2,750,000

Price

6.63%

Cap Rate

$182,329

NOI

Overview
Cap Rate
6.63%
NOI
$182,329
Cash-on-Cash
6.63%
Building Size
20,592 sqft
Lot Area
80,150 sqft
Occupancy
100%
Units
24
GRM
10.37
Average Room Size
858 sqft
Year Built
1980
Zoning
R3
Floors
1
HVAC
Yes, individual
Description

Two apartment portfolio totaling 24 units in Kelseyville, California. The property comprises of all 2 bedroom 1 bath units. There is an onsite manager who occupies 1 unit, with no rent associated on this unit. Current rents are below market providing an opportunity for an Investor add value by bringing rents to current market rates.

The property provides fenced backyards, individual HVAC units, dishwashers, garbage disposals and water heaters. Additionally, each unit received covered parking for one car with an additional uncovered space provided.

The laundry facilities include 2 year old coin operated machines, which produces approximately $1,200.00 per month in additional income.

Highlights
  • 24 Unit Multifamily Apartment Complex
  • All Units 2 bed 1 bath
  • Below Market Rents
  • 100% Occupancy
Documents
Title
Gaddy_Ct_OM_7.31.19_Final.pdf
* Documents permissions are set by the listing owner, request information to access locked documents.

Location
Gallery