5638 N Gledhill Ave - Apartments FOR SALE


Olivehurst, CA 95961
$1,264,990 USD
916-847-8849
5638 N Gledhill Ave, Olivehurst, CA for Sale
$1,264,990 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

5638 N Gledhill Ave
Olivehurst, CA 95961


OVERVIEW

Investor's Dream! Incredible potential long term Owner Financing, with a minimun Down Payment of 40% of the Purchase Price + Closing Costs, subject to Buyer's qualifications, and Seller's successful/completed 1031 Exchange!!! Great Value!!! Performing Asset!!! Opportunity to secure a fresh start, featuring 15 units in a shared Community Complex, that is easy on your wallet/finances. FINALED ON 10/29/2024, i.e., PERMITTED USE CHANGE FROM A CHURCH TO A MULTI-UNIT COMPLEX Note: Subject Property has Fire Suppression and Fire Alarm Central Systems, coupled with 15 on-site individual Parking Spaces, which include two Disability Parking Spaces. Note:****** According to Seller, Subject Property has 13 Units occupied at this time, i.e., with only 1 vacancy, which is pending an Executed Rental/Lease Agreement and one remaining unit that is in possession of an onsite maintenance person, in exchange for no rent. Furthermore, at this time, only 4 units are Month-To-Month, with the remaining APARTMENTS on Minimum 6 Month Leases. GREAT FINANCIAL OPPORTUNITY! Close to shopping, i.e., Wal-Mart, Costco, Restaurants, Fast Food Facilities, Service Stations, etc., coupled with easy commutes to Lincoln, Roseville, Sacramento Marysville, and Yuba City.

FOR SALE DETAILS

PRICE

$1,264,990 USD

PRICE/SF

$141 USD /SF

# OF UNITS

15

PRICE/UNIT

$84,333

CAP RATE

Request Cap Rate

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,960 SF

ZONING

R-01

APN/PARCEL ID

020-293-007-000

ASK ABOUT THIS PROPERTY

JR Burkett DRE #00980402Intrust Properties, Inc. DRE 00997045More Info
916-847-8849

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JR Burkett DRE #00980402Intrust Properties, Inc. DRE 00997045More Info
916-847-8849

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