1491-1499 Bellevue Rd - Apartments FOR SALE


Atwater, CA 95301
$749,000 USD
408-206-7702
1491-1499 Bellevue Rd, Atwater, CA for Sale
$749,000 USD
Apartments - FOR SALE
1/35
null | Request Cap Rate

1491-1499 Bellevue Rd
Atwater, CA 95301


OVERVIEW

Subject to tenants rights. Drive by and make offer subject to inspection. 5 Units, all 3 bedroom and 1-1/2 bath approx 1072 SF each. Washer dryer space within unit, new roof installed in 2023, ext paint in 2022, Proforma rents should be $1300 per unit, all tenants mo-mo. Two units are vacant, one was updated and the second is being updated. Manager is currently processing applications for both. 3 others have been given notice of rent increase. After re-renting the 2, and increases, rents will be $5795 per month/ $69540 per year. Separate meters for elect/ gas. Owner pays common area elect/ gas and water, sewer and garbage. Seller is licensed Broker. Seller has only been to building once many years ago, and has limited knowledge outside of what manager has communicated. PLEASE do not contact tenants. Call LA with any questions. 408 206 7702 Disclosures can be found at: https://aculistdisclosures.mlslistings.com/property/ML82003522

FOR SALE DETAILS

PRICE

$749,000 USD

PRICE/SF

$140 USD /SF

# OF UNITS

5

PRICE/UNIT

$149,800

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,002 SF

ZONING

R-3[2.5]

APN/PARCEL ID

156-111-022

ASK ABOUT THIS PROPERTY

Lee SchmidtRealty WorldMore Info
408-206-7702

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Lee SchmidtRealty WorldMore Info
408-206-7702

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