415-625-2131
1050 Elm St, Napa, CA for Sale
Apartments - FOR SALE
1/6
null | Request Cap Rate

1050 Elm St
Napa, CA 94559
Central Napa


OVERVIEW

*** NDA required to receive offering materials due to court ordered sale mandate. Please email listing agents to request NDA. *** This offering is unpriced and prospective buyers are encouraged to submit a market bid. Contact listing agents for details. Napa Elm Townhomes is an 11-unit townhome property located four blocks south of downtown Napa, CA. Each unit is a two-story 2-Bdr / 1.5-Bath townhome with attached garage and private backyard. The property is mid-renovation with approved remodel plans, but the permits have expired. The building interiors are in varying states of demolition, i.e., flooring, cabinetry, appliances, plumbing fixtures, etc., have been removed, as well as some areas of sheetrock. The plans call for newly reconfigured kitchens with removal of a non load bearing wall to open the kitchen up into the living area. Otherwise the layouts remain essentially the same. All electrical wiring and plumbing remains in place and the units are ready for new flooring, fixtures, paint and finishes. New roofs, exterior paint, windows, doors, and new landscaping would complete the project. There are laundry hookups in the garages and each unit has an individual water heater and furnace. Estimated project costs include new kitchens, bathrooms, appliances, lighting, fixtures & finishes, flooring, windows, doors, interior & exterior paint, roofs, and mechanical replacements where needed. Napa Elm Townhomes provides a unique opportunity for a value-add investor to complete this heavy remodel and come out the other side with a highly desirable property in an excellent location in the heart of Napa.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

11

CAP RATE

Request Cap Rate

% LEASED

95%

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Napa Elm Townhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

RH, Napa

APN/PARCEL ID

005-123-013

ASK ABOUT THIS PROPERTY

John GarrettMarcus & MillichapMore Info
415-625-2131

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John GarrettMarcus & MillichapMore Info
415-625-2131

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.