98800 Surfside Ave - Apartments FOR SALE


Mecca, CA 92254
$660,000 USD
760-409-1532
98800 Surfside Ave, Mecca, CA for Sale
$660,000 USD
Apartments - FOR SALE
1/17
null | 7.01% Cap Rate

98800 Surfside Ave
Mecca, CA 92254


HIGHLIGHTS

  • Mountain View
  • Lower Cost of Living
  • Shopping close
  • Sold with an additional lot

OVERVIEW

2 APN's are associated with this fourplex in Mecca (721-271-025 and 721-271-026) offers 12 bedrooms, 4 bathrooms, and is fully fenced with a driveway for easy access, with an additional vacant lot. Perfect for multi-family living or rental income. Key Features: 7.08 % CAP 7.97 GRM 4- 3bed/ 1bath Fully Fenced for added privacy and security Driveway Access for convenience A great investment for those looking to generate rental income. Unit Mix: 4 - 3 bed/1bath Unit 1: 1,350 sq. ft.* $1,700 Unit 2: 1,350 sq. ft.* $1,750 Unit 3: 1,350 sq. ft.* $1,650 Unit 4: 1,350 sq. ft.* $1,800 *Square Feet: Buyer to verify exact square footage. . . EXPENSES Taxes (new) $8,374 Manager (6%) $4,968 Maint/Repairs $1,200 Insurance $2,800 Trash $1,700 Electric $7,200 Water $700 Landscape $1,200 Septic Tank $920 Fire Extinguisher $100 Pest Control $420 Unit Turnover $250 Capital Reserve (2.5%) $2,055 Total $31,887 . . Schedule Gross Income $82,800 Less 5% Vacancy $4,140 Gross Operating Income $78,660 Less Expenses $31,887 Net Operating Income $46,773 . . Sale Price: $660,000 Cap Rate: 7.08% GRM: 7.97 Cost Per Unit: $165,000 . . *Square Feet: Buyer to verify exact square footage.

FOR SALE DETAILS

PRICE

$660,000 USD

PRICE/SF

$122 USD /SF

# OF UNITS

4

PRICE/UNIT

$165,000

CAP RATE

7.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Surfside Fourplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2009

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

R-3

APN/PARCEL ID

721-271-025,721-271-026

ASK ABOUT THIS PROPERTY

Kate RustWilson Meade Commercial Real EstateMore Info
760-409-1532

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Kate RustWilson Meade Commercial Real EstateMore Info
760-409-1532

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