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Ramirez Court Apartments 1101-1107 Ramirez St 51 Unit Apartment Building $6,900,000 ($135,294/Unit) 6% Cap Rate Marysville, CA 95901
Investment Highlights
- On site laundry
- Well maintianed
- Heating and Air Conditioning
Executive Summary
Well maintained, 2 story 51 unit property, centrally located in Marysville CA. 40 open parking spaces, 16 covered parking spaces, and street parking as well. Some units have been updated. On site laundry. Close to shopping, schools, hospital, and a few blocks from major thoroughfare.
Property Facts
| Price | $6,900,000 | Apartment Style | Low-Rise |
| Price Per Unit | $135,294 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.92 AC |
| Cap Rate | 6% | Building Size | 30,600 SF |
| No. Units | 51 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1988 |
| Property Subtype | Apartment | Parking Ratio | 2.1/1,000 SF |
| Zoning | C-3 M-1 - Multifamily | ||
| Price | $6,900,000 |
| Price Per Unit | $135,294 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 51 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.92 AC |
| Building Size | 30,600 SF |
| No. Stories | 2 |
| Year Built | 1988 |
| Parking Ratio | 2.1/1,000 SF |
| Zoning | C-3 M-1 - Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Recycling
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 51 | - | 600 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $4,092,700 | |
| Land Assessment | $612,000 | Total Assessment | $4,704,700 |
Property Taxes
Parcel Numbers
Land Assessment
$612,000
Improvements Assessment
$4,092,700
Total Assessment
$4,704,700
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Ramirez Court Apartments | 1101-1107 Ramirez St
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