1415 4th St
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1415 4th St
12 Unit Apartment Building Offered at $4,150,000 at a 5.25% Cap Rate in Napa, CA 94559
Investment Highlights
- Month-to-Month Tenancies
- Autonomy in management decisions: No HUD Oversight
- Adequate Parking: 6 onsite spaces
- Current tenant mix is low/moderate income tenants and 62+ tenants
- Well-Maintained property
Executive Summary
Property Overview: Discover an excellent investment opportunity with this well-maintained 12-unit multi-family building, perfectly suited for investors seeking stable income and potential for growth. Each unit is identical, featuring a comfortable one-bedroom, one-bathroom layout.
Tenant Profile:
• All 12 units are rented on a month-to-month basis, offering flexibility and ease of management.
• While there are no formal lease agreements, several tenants have shown long-term commitment, with many residing in their units for over 5 years.
• Current rents are below market value, presenting an opportunity to increase revenue.
Age and Deed Restrictions:
• The property is deed-restricted for tenants aged 62 and older.
• There is no HUD oversight or management, allowing for greater autonomy in property management.
Parking:
• The property includes 6 onsite parking spaces.
Condition and Maintenance:
• The building has no deferred maintenance issues.
Don’t miss out on this unique opportunity to acquire a solid, income-generating property with significant upside potential. Contact us today for more information or to schedule a viewing!
Tenant Profile:
• All 12 units are rented on a month-to-month basis, offering flexibility and ease of management.
• While there are no formal lease agreements, several tenants have shown long-term commitment, with many residing in their units for over 5 years.
• Current rents are below market value, presenting an opportunity to increase revenue.
Age and Deed Restrictions:
• The property is deed-restricted for tenants aged 62 and older.
• There is no HUD oversight or management, allowing for greater autonomy in property management.
Parking:
• The property includes 6 onsite parking spaces.
Condition and Maintenance:
• The building has no deferred maintenance issues.
Don’t miss out on this unique opportunity to acquire a solid, income-generating property with significant upside potential. Contact us today for more information or to schedule a viewing!
Property Facts
| Price | $4,150,000 | Lot Size | 0.21 AC |
| Price Per Unit | $345,833 | Building Size | 5,370 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 5.25% | Year Built | 1985 |
| No. Units | 12 | Opportunity Zone |
Yes
|
| Property Type | Multifamily |
| Price | $4,150,000 |
| Price Per Unit | $345,833 |
| Sale Type | Investment |
| Cap Rate | 5.25% |
| No. Units | 12 |
| Property Type | Multifamily |
| Lot Size | 0.21 AC |
| Building Size | 5,370 SF |
| No. Stories | 2 |
| Year Built | 1985 |
| Opportunity Zone |
Yes |
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 003-261-006 | Improvements Assessment | $794,587 |
| Land Assessment | $115,488 | Total Assessment | $910,075 |
PROPERTY TAXES
Parcel Number
003-261-006
Land Assessment
$115,488
Improvements Assessment
$794,587
Total Assessment
$910,075
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1415 4th St
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