1480 7th St
Riverside, CA 92507
University
HIGHLIGHTS
- Balanced unit mix of 3, 2 & 1 bedroom units
- Recent capital improvements including newer roof, exterior paint, new asphalt, new secure gated access & select newly renovated interiors
- Less than 1.5 miles from 91 & 215 freeways
- ±1 mile to University of California, Riverside
- 10% realistic rental upside
- 18 of 25 units have been completely rehabbed with new flooring, windows, cabinets, stove, microwave, countertops, sink, toilet, vanity & shower
FOR SALE DETAILS
PRICE
$5,995,000 USD
PRICE/SF
$300 USD /SF
# OF UNITS
25
PRICE/UNIT
$239,800
CAP RATE
5.35%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Normandy Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1964
PARKING SPACES
60
LAND DETAILS
LAND ACRES
0.82 AC
LAND SF
35,719 SF
ZONING
R3, Riverside
APN/PARCEL ID
250-190-014
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714-337-8405
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714-337-8405
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