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3065 N Main St
Walnut Creek, CA 94597

Main Street Terrace Apartments · Multifamily Property For Sale · 24 Units

INVESTMENT HIGHLIGHTS

  • Assumable In-Place Debt for Qualified Investors Far Below Today's Market Terms- 3.20% Fixed Until 11/1/2026
  • Turnkey Property with Over $1.4 Million Spent Including Quality Exterior Upgrades and High-End Finishes in All Unit Interiors
  • Excellent Historical Rent Growth Which is Expected to Continue For The Foreseeable Future
  • Fantastic Cashflow Opportunity with In-Place Interest-Only Debt Payments Until 12/1/2024
  • Conveniently Located in The City of Walnut Creek, One of The Most Sought-After Locations For Multifamily Investment Property in The Bay Area
  • No Local Rent Control – CA Rent Control Allows for Annual Rent Increases of 5% + CPI

PROPERTY FACTS

No. Units 24
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.83 AC
Building Size 16,360 SF
No. Stories 2
Year Built 1958
Parking Ratio 2.02/1,000 SF

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Disposal
  • Microwave
  • Heating
  • Kitchen
  • Granite Countertops
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Carpet
  • Double Pane Windows
  • Handrails
  • Linen Closet
  • Vinyl Flooring

SITE AMENITIES

  • Courtyard
  • Laundry Facilities
  • Pool
  • Recycling
  • Public Transportation

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 20 - 658
2+1 4 - 800

PROPERTY TAXES

  • Listing ID: 28608669

  • Date on Market: 5/30/2023

  • Last Updated:

  • Address: 3065 N Main St, Walnut Creek, CA 94597