565 Florida St - Apartments FOR SALE


Imperial Beach, CA 91932
$2,459,000 USD
619-889-1031
565 Florida St, Imperial Beach, CA for Sale
$2,459,000 USD
Apartments - FOR SALE
1/34
null | 4.08% Cap Rate

565 Florida St
Imperial Beach, CA 91932


HIGHLIGHTS

  • The cost per SF and GRM are the lowest in IB now.
  • Four townhome units.
  • A detached four bed/ two bath house.

OVERVIEW

565 Florida is a detached four bed/two bath house. 567 Florida is comprised of two duplexes each with twin two bed/one and a half bath townhome units. The cost per square foot and GRM are the lowest in IB now, Dollars/ SF is lower than anything that has been listed in IB in the past year. GRM is lower than average of what has been listed in IB in the last year. The average of recent Imperial Beach sales has been $560/SF. That would imply a value over $3,200,000 for this property. The four townhome apartments each have attached garages and private patios. The four garages offer an opportunity to add ADUs to create extra income. All units are individually metered for water, gas and electric. Each unit has individual laundry hookups. Inspection will be coordinated upon accepted offer only. No previews. Please do not disturb tenants. The information contained herein has been obtained from sources believed reliable. ACI does not doubt the accuracy, but we have not verified it and make no guarantee, warranty or representations.

FOR SALE DETAILS

PRICE

$2,459,000 USD

PRICE/SF

$375 USD /SF

# OF UNITS

5

PRICE/UNIT

$491,800

CAP RATE

4.08%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

R2A, Imperial Beach

APN/PARCEL ID

626-182-20

ASK ABOUT THIS PROPERTY

Terry MooreACI ApartmentsMore Info
619-889-1031

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Terry MooreACI ApartmentsMore Info
619-889-1031

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