7560 Cook Ave
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7560 Cook Ave
2 Unit Apartment Building $629,000 ($314,500/Unit) 6.14% Cap Rate Citrus Heights, CA 95610
Investment Highlights
- Solid Rental Income
- 1 Side has many recent updates
Executive Summary
Great investment opportunity on this Citrus Heights duplex with Gross Scheduled annual rents of $55,200 and a GRM (Gross Rent Multiplier Price divided by Gross rents of 11.41! Each unit is a 2-bedroom, 1 bathroom with a 1 car garage and a private fenced backyard. The 7560 unit has upgrades including newer flooring, bathroom, kitchen cabinets with granite countertops & appliances. Close to shopping, parks and public transportation. This is a great investment property! More Pictures to come soon.
Listing Courtesy of
Capital Property Brokers DRE # 01408087
Gursharan Banga, Listing Agent
Listing Courtesy of
Capital Property Brokers DRE # 01408087
Gursharan Banga, Listing Agent
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $99,999 | $9.99 |
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Pro forma - 2024) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | $629,000 | Apartment Style | Garden |
Price Per Unit | $314,500 | Building Class | C |
Sale Type | Investment | Lot Size | 0.14 AC |
Cap Rate | 6.14% | Building Size | 1,944 SF |
Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
Gross Rent Multiplier | 11.41 | No. Stories | 1 |
No. Units | 2 | Year Built | 1977 |
Property Type | Multifamily | Parking Ratio | 1.03/1,000 SF |
Property Subtype | Apartment |
Price | $629,000 |
Price Per Unit | $314,500 |
Sale Type | Investment |
Cap Rate | 6.14% |
Sale Conditions | 1031 Exchange |
Gross Rent Multiplier | 11.41 |
No. Units | 2 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Garden |
Building Class | C |
Lot Size | 0.14 AC |
Building Size | 1,944 SF |
Average Occupancy | 100% |
No. Stories | 1 |
Year Built | 1977 |
Parking Ratio | 1.03/1,000 SF |
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Kitchen
- Tub/Shower
- Yard
Site Amenities
- Fenced Lot
- Laundry Facilities
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
2+1 | 1 | $2,100 | 972 |
2+1 | 1 | $2,300 | 972 |
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zoning
Zoning Code | RD10 (Residential) |
RD10 (Residential) |
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7560 Cook Ave
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