1574 - 1576 Heather Dr - Apartments FOR SALE


Yuba City, CA 95993
$10,500,000 USD
530-329-8336
1574 - 1576 Heather Dr, Yuba City, CA for Sale
$10,500,000 USD
Apartments - FOR SALE
1/59
null | 5.61% Cap Rate

1574 - 1576 Heather Dr
Yuba City, CA 95993


HIGHLIGHTS

  • Excellent North Yuba City location.
  • Great unit mix of 1 and 2 bedroom units.
  • Resident amenity package includes clubhouse, pool, basketball court, tennis court, dog run, exercise area and sauna.
  • 97% occupancy rate.
  • Two (2) onsite laundry facilities.
  • Sixty Six (66) covered parking spots plus 34 surface parking spots.

OVERVIEW

HeatherWoods Apartments is a well-maintained, 66-unit garden-style community located in a stable and highly accessible residential pocket of northwest Yuba City. Positioned within the greater Sacramento regional corridor, the property benefits from immediate access to major transportation routes, including Highways 99 and 20. Spanning two contiguous parcels at 1574 and 1576 Heather Drive, HeatherWoods offers an appealing mix of one and two bedroom floorplans, mature landscaping, ample parking, and a cohesive site layout that operates seamlessly as a unified community. Residents of HeatherWoods also enjoy access to an extensive shared amenity package located on two adjacent parcels, in which the property holds a deeded percentage ownership interest. These amenities include an outdoor swimming pool, full-sized basketball court, tennis court, dog-run area, and a renovated clubhouse (in progress) featuring a new fitness center, two indoor saunas, and a spacious community room. The shared amenity parcels are operated through an amenity association, with monthly dues reflected in the property's operating expenses. HeatherWoods presents investors with a rare opportunity to acquire a stabilized, cash-flowing asset with demonstrated performance in a supply-constrained rental market. Efficient and popular unit mix supports broad renter demand and operational stability. Forty (40) 1 bed x 1 bath and Twenty Six (26) 2 bed x 1 bath floorplans. Water, sewer, and garbage are paid by ownership. No ratio billing system (RUBS) in place - immediate upside opportunity.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$437 USD /SF

# OF UNITS

66

PRICE/UNIT

$159,091

CAP RATE

5.61%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

HeatherWoods

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,212 SF

ZONING

R3

APN/PARCEL ID

59-232-003

ASK ABOUT THIS PROPERTY

Brian SandgrenValley Fair Realty CorpMore Info
530-329-8336

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Brian SandgrenValley Fair Realty CorpMore Info
530-329-8336

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