485 Melville Rd - Apartments FOR SALE


Garberville, CA 95542
$2,500,000 USD
707-223-2060
485 Melville Rd, Garberville, CA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/43
null | Request Cap Rate

485 Melville Rd
Garberville, CA 95542


HIGHLIGHTS

  • Good location, proximity to services, bus stops, shopping.

OVERVIEW

The 16-unit apartment complex located in Garberville spans 1.35 acres, offering expansion potential for additional units. Constructed in 2015, the property comprises four distinct units, including 2-bedroom, 1-bath, and 3-bedroom, 2-bath apartments. Each unit features individual amenities such as storage sheds, designated parking spaces, and outdoor areas. Additionally, each building is equipped with a coin-operated laundry facility. This property presents a lucrative rental opportunity with prospects for further development.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$272 USD /SF

# OF UNITS

16

PRICE/UNIT

$156,250

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2015

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.51 AC

LAND SF

65,628 SF

ZONING

R-4-Q;R-1

APN/PARCEL ID

032-111-025-000

ASK ABOUT THIS PROPERTY

Somer WallanMadrone Realty, Inc.More Info
707-223-2060

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Somer WallanMadrone Realty, Inc.More Info
707-223-2060

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