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Mountain Oaks Townhomes 2305 Cheim Blvd 26 Unit Apartment Building $6,700,000 ($257,692/Unit) Marysville, CA 95901
Investment Highlights
- 26 Individually Deeded Two-Story Townhomes
- 100% Occupied
- Value Add Opportunity with $21,000 +/- Annual Upside in Rents
- Under New Management
- Extremely Stable Rental Market with High Demand
- Assumable Loan: $2,255,007 @ 4.2% - Over $44K Principal Reduction Per Year
Property Facts
| Price | $6,700,000 | Building Class | C |
| Price Per Unit | $257,692 | Lot Size | 1.46 AC |
| Sale Type | Investment | Building Size | 29,165 SF |
| No. Units | 26 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Apartment | Parking Ratio | 1.92/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-3/PD/R-1 - PD | ||
| Price | $6,700,000 |
| Price Per Unit | $257,692 |
| Sale Type | Investment |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.46 AC |
| Building Size | 29,165 SF |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 1.92/1,000 SF |
| Zoning | R-3/PD/R-1 - PD |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Fireplace
- Storage Space
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
- Yard
- Patio
- Vinyl Flooring
Site Amenities
- Pool
- Property Manager on Site
- Sauna
- Spa
- Trash Pickup - Curbside
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 16 | - | 1,000 |
| 3+2 | 10 | - | 1,200 |
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 008-330-029-000 | Improvements Assessment | $184,013 |
| Land Assessment | $54,121 | Total Assessment | $238,134 |
Property Taxes
Parcel Number
008-330-029-000
Land Assessment
$54,121
Improvements Assessment
$184,013
Total Assessment
$238,134
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Mountain Oaks Townhomes | 2305 Cheim Blvd
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