5243 Poplar Ave - Multi-Family FOR SALE


Anderson, CA 96007
$650,000 USD
510-822-1331
5243 Poplar Ave, Anderson, CA for Sale
$650,000 USD
Multi-Family - FOR SALE
1/19
null | 6.01% Cap Rate

5243 Poplar Ave
Anderson, CA 96007


HIGHLIGHTS

  • Six Building Investment Featuring One 3bd/2bth House, Two 2bd/2bth Houses, One Duplex with Two 2bd/2bth Units, and One 2bd/1bth Mobile Home
  • Easy to Manage Property Separately Metered For Electric and Gas with Low Annual Operating Expenses
  • Current Rents Approximately 50% Under Market with Tremendous Future Income Upside
  • Beautiful Rural Location with Surrounding Homes On Large Lots with Strong Pride of Ownership
  • 100% Occupied with Tenants on Month-to-Month Leases

OVERVIEW

Rare six building investment featuring one 3bd/2bth house, two 2bd/2bth houses, one duplex with two 2bd/2bth units, and one 2bd/2bth mobile home. The property is 100% tenant occupied with all tenants on month-to-month leases with rents 50%+ under market providing exceptional rental upside. The buildings were built in 1972, offer approximately 3,300 square feet of rental space, and all sit on a large 4.12 acre lot with ample room for expansion, development, etc. The buildings are all separately metered for gas and electric with low annual operating expenses. All the buildings have large backyards with room for parking and outdoor activities. This is an ideal property for an investor seeking max rental upside or owner-occupants seeking an investment that will allow them to occupy one house and rent the other buildings to cover all expenses. Anderson is a small city in Shasta County, Northern California, about 10 miles south of Redding. The city is largely rural with both residential neighborhoods and agricultural or undeveloped land. *****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$197 USD /SF

# OF UNITS

6

PRICE/UNIT

$108,333

CAP RATE

6.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Anderson Six Building Investment

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Storefront Retail/Residential, Apartments, Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.12 AC

LAND SF

179,467 SF

ZONING

-

APN/PARCEL ID

206-260-021-000

ASK ABOUT THIS PROPERTY

David HowarthPinza GroupMore Info
510-822-1331

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David HowarthPinza GroupMore Info
510-822-1331

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