3609 Myrtle Ave - Apartments FOR SALE


North Highlands, CA 95660
$3,999,999 USD
760-593-8710
3609 Myrtle Ave, North Highlands, CA for Sale
$3,999,999 USD
Apartments - FOR SALE
1/24
null | 7.38% Cap Rate

3609 Myrtle Ave
North Highlands, CA 95660


HIGHLIGHTS

  • Built in 1989 and Designated Carport
  • Value-Add Opportunity
  • Opportunity to Implement RUBS
  • Washer / Dryer Hookups in all units
  • Rare unit mix of all 2BR/2BA units

OVERVIEW

Le Commercial Team is pleased to present The Glencole Apartments. The property consists of Twenty-Six (26) - 2BR / 2BA units averaging 900 SF each, with washer / dryer hookups in all units. Built in 1989 and comprised of two 2-story buildings on 1.24 acres. This property has the potential to continue NOI improvement by gradually capturing loss-to-lease and for the new owner to implement RUBS. Please do not disturb managers or tenants. Please reach out to listing agent for tours

FOR SALE DETAILS

PRICE

$3,999,999 USD

PRICE/SF

$164 USD /SF

# OF UNITS

26

PRICE/UNIT

$153,846

CAP RATE

7.38%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Glencole Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

54,014 SF

ZONING

RD20

APN/PARCEL ID

228-0251-026

ASK ABOUT THIS PROPERTY

Tai LePR AdvisorsMore Info
760-593-8710

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Tai LePR AdvisorsMore Info
760-593-8710

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