2301 5th St - Apartments FOR SALE


Hughson, CA 95326- Downtown Hughson
$2,000,000 USD
209-521-1591
2301 5th St, Hughson, CA for Sale
$2,000,000 USD
Apartments - FOR SALE
1/8
null | 6.73% Cap Rate

2301 5th St
Hughson, CA 95326
Downtown Hughson


OVERVIEW

High Demand for Rentals: Hughson's rental market remains strong due to its affordability and desirable small- town atmosphere, ensuring steady occupancy rates and stable rental income. Diverse Unit Mix : The property consists of 11 one-bedroom and 3 two-bedroom units, catering to a wide range of tenants, from single professionals to small families, optimizing rental potential. Strong Rental Growth: With current rental income at $211,428 and Pro Forma rents at $ 244 ,200, there is a proven upside in rental rates, increasing investor returns over time. Proximity to Amenities : Conveniently located near schools, retail centers, and major roads, the property provides easy access to daily necessities, enhancing tenant satisfaction and retention. Attractive Cap Rate & NOI Growth: The property offers a competitive 5.53 % Cap Rate, projected to grow to 6 73 % Pro Forma, while NOI increases from $110,531 to $134,519, ensuring strong cash flow and appreciation potential. Efficient Operations & Sustainability: With managed operating expenses and installed solar systems , the property benefits from lower utility costs, reducing long - term expenses and increasing profitability .

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$317 USD /SF

# OF UNITS

14

PRICE/UNIT

$142,857

CAP RATE

6.73%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

14 Unit Apartment Propety

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,250 SF

ZONING

City

APN/PARCEL ID

018-70-53

ASK ABOUT THIS PROPERTY

Jacob FriedrichCoSoL Commercial Real EstateMore Info
209-521-1591

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

Jacob FriedrichCoSoL Commercial Real EstateMore Info
209-521-1591

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