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201 N 1st St
Patterson, CA 95363

Multifamily Property For Sale · 23 Units

INVESTMENT HIGHLIGHTS

  • (20) Two-Bedroom/One Bathroom and (3) Three-Bedroom/One-Bathroom.
  • New Plumbing and Electrical.
  • Attractively Priced at a 5.41% Cap Rate on Current Operations and 6.18% Cap Rate on Proforma.
  • Single-Story Construction.
  • Located in a Very Strong Rental Market with Less Than 5% Vacancy.
  • Private Backyards and Washer/Dryer Hookups.

PROPERTY FACTS

No. Units 23
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 2.73 AC
Building Size 18,075 SF
Average Occupancy 100%
No. Stories 1
Year Built 1927

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 20 $1,038 728
3+1 3 $1,000 1,175

PROPERTY TAXES

ZONING

Zoning Code R-3
  • Listing ID: 29678884

  • Date on Market: 10/2/2023

  • Last Updated:

  • Address: 201 N 1st St, Patterson, CA 95363