3110 Lake Dr - Apartments FOR SALE


Marina, CA 93933
$4,200,000 USD
831-233-2196
3110 Lake Dr, Marina, CA for Sale
$4,200,000 USD
Apartments - FOR SALE
1/10
null | 5.53% Cap Rate

3110 Lake Dr
Marina, CA 93933


OVERVIEW

Mahoney Associates is pleased to present to the market the opportunity to purchase 3110 Lake Drive in Marina California. Located directly off US Highway 1 and only a few miles from the new residential and commercial developments in downtown Marina, this 15 unit apartment complex has been well maintained and has extremely strong rental history. All 15 units are two bedroom one bath units and are approximately 850 ft.². There is a common laundry facility on property, carports for the tenants, and storage units adjacent to the carports.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$227 USD /SF

# OF UNITS

15

PRICE/UNIT

$280,000

CAP RATE

5.53%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

15-Unit Apartment Complex in Marina For Sale

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,566 SF

ZONING

R-4

APN/PARCEL ID

033-151-017-000

ASK ABOUT THIS PROPERTY

Josh JonesMahoney & AssociatesMore Info
831-233-2196

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Josh JonesMahoney & AssociatesMore Info
831-233-2196

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