24790 Foresthill Rd - Apartments FOR SALE


Foresthill, CA 95631
$1,350,000 USD
916-288-4522
24790 Foresthill Rd, Foresthill, CA for Sale
$1,350,000 USD
Apartments - FOR SALE
1/10
null | 6.7% Cap Rate

24790 Foresthill Rd
Foresthill, CA 95631


HIGHLIGHTS

  • First time being offered for sale since it was developed in 1987
  • Unique value add opportunity to develop the rear section for RV/Boat storage
  • Highly desirable unit mix of nine two bedroom units and three one bedroom units
  • Recent capital improvements include mini-split HVAC units installed in four units and exterior painted in last two years

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$153 USD /SF

# OF UNITS

12

PRICE/UNIT

$112,500

CAP RATE

6.7%

% 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

1987

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.01 AC

LAND SF

87,556 SF

ZONING

RD 20

APN/PARCEL ID

007-160-022-000

ASK ABOUT THIS PROPERTY

Michael MathiosCushman & WakefieldMore Info
916-288-4522

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Michael MathiosCushman & WakefieldMore Info
916-288-4522

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