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2355 Atwater Blvd
Atwater, CA 95301

Camellia · Multifamily Property For Sale · 2,000 SF

PROPERTY FACTS

No. Units 41
Property Type Multifamily
Property Subtype
Manufactured Housing/Mobile Home
  • Multifamily Apartments
Apartment Style Low Rise
Building Class C
Lot Size 3.30 AC
Building Size 2,000 SF
Average Occupancy 40%
No. Stories 1
Year Built/Renovated 1949/2017
Parking Ratio 10/1,000 SF

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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