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2355 Atwater Blvd
Atwater, CA 95301
Camellia · Multifamily Property For Sale · 2,000 SF
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PROPERTY FACTS
SITE AMENITIES
- Laundry Facilities
- Property Manager on Site
- Maintenance on site
ABOUT 2355 ATWATER BLVD , ATWATER, CA 95301
Owner very motivated to sell. Owner will carry a note for 8% for ten years amortized over 20 years. down payment of $750,000.00 required for the owner, to finance the sale. Bad property management company is the reason for sale. The owner is working on P&L and will provide that information as soon as possible. The owner has invested over $240,000.00 in capital improvements. Every apartment is rehab and most of the mobile homes too. The park owns most of the mobile homes. New owner can sell homes to increase NOI. Park Information 17 Park owned trailers 31 trailer spaces (3spaces owner occupied). 5 studio apartments, one- 1-bedroom apartment four 2-bedroom apartments TOTAL RENTABLE UNITS 41 1 laundry room, 1 office, 1 steel storage bin 17 trailers valued at $136,000 Currents Rents 20- spaces rented at $525.00 = $10,500.00 5- studio rented at $575.00 = $2,875.00 1 bedroom rented at $625.00 = $625.00 4- 2 bedroom rented at $675.00= $2,700.00 Additional Income Laundry room income = $200.00 Total income =$ 16,700.00 Water, sewer and garbage included in monthly rental amounts. This is Performa information
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
Studios | 37 | $560.00 | 400 - 500 |
1+1 | 1 | $650.00 | 450 |
2+1 | 1 | $712.50 | 550 |
ZONING
Zoning Code | R-M |
R-M |
Listing ID: 8659259
Date on Market: 8/14/2017
Last Updated:
Address: 2355 Atwater Blvd, Atwater, CA 95301
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