679 Kiley Ave - Apartments FOR SALE


Yuba City, CA 95991
$2,799,999 USD
916-878-1145
679 Kiley Ave, Yuba City, CA for Sale
$2,799,999 USD
Apartments - FOR SALE
1/7
null | 6.08% Cap Rate

679 Kiley Ave
Yuba City, CA 95991


HIGHLIGHTS

  • Approximately $500k in Recent Renovations (2024)
  • Fully Turn Key + Upside in Rents & Opening Existing Laundry Room
  • Current average rent of $1,225 compares with proven up-side of $1,350, already achieved on the current rent roll.
  • 100% of Interiors, Exterior, & Grounds Nicely Updated
  • Completed renovation program materially reduces execution risk.
  • • Year 1 NOI increases approximately $44,616, or 26.2%, versus current NOI.

OVERVIEW

- Approximately $500K of capital improvements have been invested: all interiors, roofs, exterior siding, windows, landings, stairs, fencing, car ports, parking lot, site work, etc. - Completed renovation program materially reduces execution risk. - Visible rent ladder: $1,225 current average versus $1,350 proven up-side. - Year 1 NOI increases approximately $44,616, or 26.2%, versus current NOI. -The remaining value-creation opportunity is rent realization rather than another major renovation program. Contact Sean O'Brian for Full OM & Financials https://redwoodgardenapartments.com/ illuminatedwealth.net

FOR SALE DETAILS

PRICE

$2,799,999 USD

PRICE/SF

$279 USD /SF

# OF UNITS

20

PRICE/UNIT

$140,000

CAP RATE

6.08%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Redwood Garden Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

R3

APN/PARCEL ID

52-461-035,52-461-044

ASK ABOUT THIS PROPERTY

Sean O'BrianIlluminated Wealth, Inc.More Info
916-878-1145

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Sean O'BrianIlluminated Wealth, Inc.More Info
916-878-1145

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