This Multifamily Property is no longer advertised on LoopNet.com.
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
UNIT MIX INFORMATION
DESCRIPTION
NO. UNITS
AVG. RENT/MO
SF
1+1
20
-
658
2+1
4
-
800
PROPERTY TAXES
Parcel Number
170-100-033-1
Improvements Assessment
$4,213,870
Land Assessment
$3,320,309
Total Assessment
$7,534,179