547 E Avenue Q12 - Apartments FOR SALE


Palmdale, CA 93550
$2,400,000 USD
818-445-1467
547 E Avenue Q12, Palmdale, CA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/15
null | 7.7% Cap Rate

547 E Avenue Q12
Palmdale, CA 93550


HIGHLIGHTS

  • All Town Home Units
  • Laudry On Site
  • Rents paid by HAP Contract

OVERVIEW

This 8-unit apartment building features a diverse unit mix, comprising: - 4 units of 3-bedroom, 2-bathroom townhomes - 4 units of 4-bedroom, 2-bathroom townhomes **Key Highlights:** - **Affordable Housing:** The property is designated as affordable housing under a Housing Assistance Payments (HAP) contract. The Contract expires in 2043. - **Investment Opportunity:** Currently selling at an actual 7.70% capitalization rate (CAP) based on current rental income.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$261 USD /SF

# OF UNITS

8

PRICE/UNIT

$300,000

CAP RATE

7.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Queens 12

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

R3

APN/PARCEL ID

3009-010-005

ASK ABOUT THIS PROPERTY

Jesus HenaoLeola Commercial Inc.More Info
818-445-1467

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Jesus HenaoLeola Commercial Inc.More Info
818-445-1467

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