429-443 Robinson Avenue - Apartments FOR SALE


Yuba City, CA 95991
$1,899,000 USD
916-265-5192
429-443 Robinson Avenue, Yuba City, CA for Sale
$1,899,000 USD
Apartments - FOR SALE
1/9
null | 5.3% Cap Rate

429-443 Robinson Avenue
Yuba City, CA 95991


HIGHLIGHTS

  • • Exclusively single-story, two-bedroom floorplans
  • • Value-add opportunity with 22% upside in rental income
  • • 0.4 Miles from Yuba City High and Sutter Urgent Care
  • • Laundry on-site
  • • Pitched Roofs
  • • Large 0.84 Acre Lot

OVERVIEW

Colliers is pleased to present the sale of a 12-unit multifamily investment opportunity located at 429-443 Robinson Ave in Yuba City, CA. Built in 1971, the community is entirely comprised of two-bedroom/one-bathroom floorplans spanning across three single-story fourplexes on 0.84 acres. Seven of the twelve units have experienced recent upgrades and command impressive market rents of $1,450/month. Three of the remaining units will benefit from interior improvements and raising rents to market and the two remaining units can receive annual rent increases to meet market rents within two years. The Ratio Utility Billing System (RUBS), which bills tenants for a portion of the sewer, water, and garbage charges to all residents, has been implemented across all twelve units. Yuba City is experiencing an impressive upward trend in growth and development in housing, business, and recreation. Recent city improvements that were designed to create a vibrant, welcoming environment in the downtown corridor include the refurbishment of the water tower with a new city logo and multicolored LEDs, and a plaza that will accommodate a playground, stage, and an illuminated gateway arch directly at the entrance to downtown.

FOR SALE DETAILS

PRICE

$1,899,000 USD

PRICE/SF

$194 USD /SF

# OF UNITS

12

PRICE/UNIT

$158,250

CAP RATE

5.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

R2

APN/PARCEL ID

052-371-020

ASK ABOUT THIS PROPERTY

Alexander FarhangColliersMore Info
916-265-5192

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

Alexander FarhangColliersMore Info
916-265-5192

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