150 Drouin Dr - Apartments FOR SALE


Rio Vista, CA 94571
$2,500,000 USD
310-704-3616
150 Drouin Dr, Rio Vista, CA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/13
null | 12.16% Cap Rate

150 Drouin Dr
Rio Vista, CA 94571


HIGHLIGHTS

  • Court ordered auction
  • Proforma annual gross income $468,000
  • market rent upside
  • vacancies allow new owner to obtain market rents
  • apprx 75% occupied
  • Recently lender appraised at $5,025,000

OVERVIEW

Court ordered Auction February 10 2025. This 28 unit multifamily property is a 30 minute drive to Fairfield and a 38 minute drive to Stockton.Upside income opportunity, currently 75% occupied and is being sold on behalf of the Receiver. Qualifying round Bids are due in sealed bid format online on Feb 10th and if your bid is within the top 50% of the bids received, you will be invited to submit your final bid on Feb 11th. Contact info@braunco.com for bidding information. Undermarket rents and market rate tenant opportunity. Well located with open space behind the property. Contact info@braunco.com for financial information.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$115 USD /SF

# OF UNITS

28

PRICE/UNIT

$89,286

CAP RATE

12.16%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Auction Court Ordered Rio Vista Apts.

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.52 AC

LAND SF

66,211 SF

ZONING

R, Rio Vista

APN/PARCEL ID

0049-132-080,0049-132-090,0049-132-100,0049-132-110

ASK ABOUT THIS PROPERTY

Todd WohlBraun InternationalMore Info
310-704-3616

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Todd WohlBraun InternationalMore Info
310-704-3616

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.