1605-1627 Swezy St - Apartments FOR SALE


Marysville, CA 95901
$4,175,000 USD
858-922-4181
1605-1627 Swezy St, Marysville, CA for Sale
$4,175,000 USD
Apartments - FOR SALE
1/18
null | 6.22% Cap Rate

1605-1627 Swezy St
Marysville, CA 95901


HIGHLIGHTS

  • First Time on Market in Over 40 Years.
  • Offered at $130,468/Unit; $156.81/SF
  • 100% Two-Bedroom One Bathroom Floor Plans With 835 SF Each.
  • 6.22% Day One CAP Rate Underwritten to a Realistic Expense Load.
  • Brand New Electrical Panels.
  • Well Maintained, Pride of Ownership Asset Offered Far Below Replacement Cost.

OVERVIEW

ALIVE Commercial Real Estate is pleased to present the Garden Vista Apartments, a well-maintained apartment community located in Marysville, CA. Built in 1965 with several property improvements thereafter, the community is comprised of (32) two-bedroom one-bathroom floor plans with 835 SF each. Sprawling over 1.41 acres, the property features on-site laundry, ample off-street parking and close proximity to schools, retail and employment -- all within walking distance. The quiet community and spacious floor plans cater to workforce residents, small families, dual-working couples and commuters alike, demonstrated by the strong operating history and year-over-year rent growth for the current ownership. A new owner will have the opportunity to purchase a well cared-for asset significantly below replacement cost, resulting in strong returns in the years to come.

FOR SALE DETAILS

PRICE

$4,175,000 USD

PRICE/SF

$122 USD /SF

# OF UNITS

32

PRICE/UNIT

$130,469

CAP RATE

6.22%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Garden Vista Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

64

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,284 SF

ZONING

R-4

APN/PARCEL ID

009-093-008-000

ASK ABOUT THIS PROPERTY

Spencer MoyerALIVE Commercial Real EstateMore Info
858-922-4181

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Spencer MoyerALIVE Commercial Real EstateMore Info
858-922-4181

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