408 Niles Ave
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408 Niles Ave
5 Unit Apartment Building $1,500,000 ($300,000/Unit) 5.70% Cap Rate Roseville, CA 95678
Investment Highlights
- Location, location, location!
- Highly Desirable 2Bed/1Bath Units
- All Units Rehabbed 2017, Turnkey 5 separate units in one parcel.
Executive Summary
Location..location..location! This is an investment opportunity. Rare Detached Homes on 1 lot at Roseville!! Own total of 5 homes. This are well maintained and in good conditions. All units are remodeled year 2018. Current monthly gross net income of $8789 per month. Stable tenants. Living space total of 3600, with lot size of 17,992 sq ft. Includes 3 homes at 404 Niles, 406 Niles and 408 Niles Avenue and 2 homes on 316 and 316A Elefa St. Each home is a 2 bedroom/1 bath. All homes have their own gated yards, access to laundry, garage or storage sheds. Area 12678 Roseville Central. Close to downtown, restaurant, elementary school and public transportation.
Current
Current
Data Room Click Here to Access
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$107,570
|
$24.03
|
| Other Income |
$6,170
|
$1.38
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$113,740
|
$25.41
|
| Taxes |
$8,292
|
$1.85
|
| Operating Expenses |
$21,888
|
$4.89
|
| Total Expenses |
$30,180
|
$6.74
|
| Net Operating Income |
$83,560
|
$18.66
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $107,570 |
| Annual Per SF | $24.03 |
| Other Income | |
|---|---|
| Annual | $6,170 |
| Annual Per SF | $1.38 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $113,740 |
| Annual Per SF | $25.41 |
| Taxes | |
|---|---|
| Annual | $8,292 |
| Annual Per SF | $1.85 |
| Operating Expenses | |
|---|---|
| Annual | $21,888 |
| Annual Per SF | $4.89 |
| Total Expenses | |
|---|---|
| Annual | $30,180 |
| Annual Per SF | $6.74 |
| Net Operating Income | |
|---|---|
| Annual | $83,560 |
| Annual Per SF | $18.66 |
Property Facts
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer Hookup
- Ceiling Fans
- Refrigerator
- Yard
- Vinyl Flooring
Site Amenities
- Fenced Lot
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 1 | $1,900 | 796 |
| 2+1 | 1 | $1,875 | 796 |
| 2+1 | 1 | $1,875 | 892 |
| 2+1 | 1 | $1,875 | 795 |
1 of 1
Walk Score ®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 011-092-002 | Total Assessment | $847,573 (2023) |
| Land Assessment | $246,069 (2023) | Annual Taxes | $8,292 ($1.85/SF) |
| Improvements Assessment | $601,504 (2023) | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
011-092-002
Land Assessment
$246,069 (2023)
Improvements Assessment
$601,504 (2023)
Total Assessment
$847,573 (2023)
Annual Taxes
$8,292 ($1.85/SF)
Tax Year
2024 Payable 2024
zoning
| Zoning Code | Residential Income (Residential Income.) |
| Residential Income (Residential Income.) |
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408 Niles Ave
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