6860 Walnut Ave - Apartments FOR SALE


Winton, CA 95388
$3,395,000 USD
916-402-1714
6860 Walnut Ave, Winton, CA for Sale
$3,395,000 USD
Apartments - FOR SALE
1/25
null | 6.44% Cap Rate

6860 Walnut Ave
Winton, CA 95388


OVERVIEW

?33 residential units configured as 15 duplexes, one triplex and one single-family home. ?All units are 2-bedroom / 1-bath residences with approximately +/- 830 SF per unit. ?Approximately +/- 26,000 SF of total building area, per owner-provided information. ?Approximately 99% leased, providing a highly stabilized occupancy profile. ?Going-in cap rate of 6.44% with current NOI of $218,512. ?Winton location provides access to Atwater, Merced, State Route 99, and the broader Merced County employment base. County approved four additional units on the parcel UC Merced continues to expand its academic and residential footprint with a 200,000+ SF Medical Education Building, a 36,000 SF classroom building, a new student union and 488-bed Promise Housing.? The campus is approximately 15.5 miles from the property.? Continued university and regional growth may support long-term housing demand and transportation activity across Merced County.?

FOR SALE DETAILS

PRICE

$3,395,000 USD

PRICE/SF

$219 USD /SF

# OF UNITS

33

PRICE/UNIT

$102,879

CAP RATE

6.44%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Suzie St Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.67 AC

LAND SF

72,664 SF

ZONING

R3

APN/PARCEL ID

146-141-012,146-141-013,146-141-014

ASK ABOUT THIS PROPERTY

Nina KovalyovCapitol Commercial Real Estate & Business SalesMore Info
916-402-1714

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Nina KovalyovCapitol Commercial Real Estate & Business SalesMore Info
916-402-1714

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