310 E McDowell Ave | Alturas, CA 96101
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- LoopNet Team
310 E McDowell Ave
Alturas, CA 96101
Alturas Gardens · Multifamily Property For Sale · 64 Units
Investment Highlights
- 64-unit 100% HUD HAP Contract; Section eight(8) project based
- Can save property taxes by bringing non-profit aboard
- 6% in-place cap rate
- Stable and predictable income and cash flow backed by the full faith and credit of the United States Government-HUD
- Very low cost per unit
- Excellent collection records and turn key operation
PROPERTY FACTS
| No. Units | 64 | Lot Size | 4.11 AC |
| Property Type | Multifamily | Building Size | 49,824 SF |
| Property Subtype | Apartment | Average Occupancy | 98% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1974 |
| No. Units | 64 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.11 AC |
| Building Size | 49,824 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built | 1974 |
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | $715.00 | 656 |
| 2+1 | 48 | $860.00 | 900 |
PROPERTY TAXES
| Parcel Number | 003-250-021-000 | Improvements Assessment | $2,835,660 |
| Land Assessment | $69,360 | Total Assessment | $2,905,020 |
PROPERTY TAXES
Parcel Number
003-250-021-000
Land Assessment
$69,360
Improvements Assessment
$2,835,660
Total Assessment
$2,905,020
zoning
| Zoning Code | C-1 |
| C-1 |
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