201 N 1st St | Patterson, CA 95363
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- LoopNet Team
201 N 1st St
Patterson, CA 95363
Multifamily Property For Sale
·
23 Units
INVESTMENT HIGHLIGHTS
- (20) Two-Bedroom/One Bathroom and (3) Three-Bedroom/One-Bathroom.
- New Plumbing and Electrical.
- Attractively Priced at a 5.41% Cap Rate on Current Operations and 6.18% Cap Rate on Proforma.
- Single-Story Construction.
- Located in a Very Strong Rental Market with Less Than 5% Vacancy.
- Private Backyards and Washer/Dryer Hookups.
PROPERTY FACTS
| No. Units | 23 | Lot Size | 2.73 AC |
| Property Type | Multifamily | Building Size | 18,075 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 1 |
| Building Class | C | Year Built | 1927 |
| Zoning | R-3 | ||
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.73 AC |
| Building Size | 18,075 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1927 |
| Zoning | R-3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 20 | $1,038 | 728 |
| 3+1 | 3 | $1,000 | 1,175 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,595,900 | |
| Land Assessment | $387,600 | Total Assessment | $2,983,500 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$387,600
Improvements Assessment
$2,595,900
Total Assessment
$2,983,500
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