2186-2192 Parrish Rd - Apartments FOR SALE


Napa, CA 94559- Terrace-Shurtleff
$1,575,000 USD
916-724-1358
2186-2192 Parrish Rd, Napa, CA for Sale
$1,575,000 USD
Apartments - FOR SALE
1/17
null | 5.08% Cap Rate

2186-2192 Parrish Rd
Napa, CA 94559
Terrace-Shurtleff


HIGHLIGHTS

  • Diverse Property Layout – Two Buildings Offering Four 2BD/1BA Townhome Style Units and Two 1BD/1BA Units With Spacious Private Back Patios
  • Prime Napa County Location – Easy Access To Highway 29, Downtown Napa, South Napa Market Place, Napa Premium Outlets, and Much More
  • Strong Rental Demand - Napa County Proves To Be A Tight Rental Market Showing Sub 3% Historical Vacancy Factors Over The Past Five Years
  • Low Maintenance Property With Strong Upside Potential - Underwritten With Realistic Expense Load & Poised For Growth Through Loss- To-Lease Recapture
  • Stable Tenant Base & Low Turnover - Stable Tenant Base With Only One Unit Turnover Since 2017, Ensuring Consistent Rental Income & Low Investment Risk

OVERVIEW

The Heitzeberg Group of Marcus & Millichap is pleased to offer the exclusive sale of 2190 Parrish Road in Napa County, one of Northern California’s most desirable locations. The property is easily accessible off Imola Avenue and is just minutes from Highway 29. It’s located only 30-45 minutes from the charming towns of St. Helena and Calistoga, and about 45 minutes from San Francisco. Sonoma County Airport is also 45 minutes away, with Oakland, Sacramento, and San Francisco International Airports about 90 minutes from the property. This prime location makes Napa the perfect destination for relaxation, world-class wines, and exceptional dining. The property is also just minutes from popular attractions like the South Napa Market Place, Napa Premium Outlets, Bel Aire Plaza, and downtown Napa. The property consists of two buildings. Building one offers four (4) 2-bedroom, 1-bathroom townhome-style units, while building two has two (2) 1-bedroom, 1-bathroom units. Each unit includes a spacious private back patio and offers on-site parking. Napa County remains a top market with a vacancy rate consistently below 3% over the last five years. Given the ongoing housing shortage and low transaction volume, Napa’s apartment real estate continues to be a highly attractive investment opportunity.

FOR SALE DETAILS

PRICE

$1,575,000 USD

PRICE/SF

$263 USD /SF

# OF UNITS

6

PRICE/UNIT

$262,500

CAP RATE

5.08%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,325 SF

ZONING

RSUR

APN/PARCEL ID

046-282-034

ASK ABOUT THIS PROPERTY

Andres GuerraMarcus & MillichapMore Info
916-724-1358

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Andres GuerraMarcus & MillichapMore Info
916-724-1358

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