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305-335 Union St
Arcata, CA 95521
Campbell Creek · Multifamily Property For Sale
·
60 Units
PROPERTY FACTS
| No. Units | 60 | Building Size | 36,221 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 2013 |
| Building Class | C | Parking Ratio | 2.19/1,000 SF |
| Lot Size | 4.04 AC | ||
| Zoning | R-MH | ||
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.04 AC |
| Building Size | 36,221 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built | 2013 |
| Parking Ratio | 2.19/1,000 SF |
| Zoning | R-MH |
AMENITIES
UNIT AMENITIES
- Balcony
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Patio
- Smoke Free
SITE AMENITIES
- Laundry Facilities
- Property Manager on Site
- Package Service
- Smoke Free
- Wi-Fi
ABOUT 305-335 UNION ST , ARCATA, CA 95521
Marcus & Millichap is pleased to present Campbell Creek Apartments. Located in Arcata California, Campbell Creek represents an opportunity for an investor to acquire a premium 60-unit, market rate apartment complex in a high demand student housing area. Recently constructed in 2013, this property is comprised of four buildings situated on 4.04-acres. The unit mix of Campbell Creek features 18 studio/one-bathroom, 20 one-bedroom/one-bathroom, and 22 two-bedroom/one-bathroom units. The complex is fitted with solar panels to reduce long-term utility costs and has ample parking for tenants. All buildings are equipped with dual pane windows and private patios/balconies. Each unit features laminate flooring as well as newer appliances. The subject property is located just one mile from Humboldt State University. Established in 1913, Humboldt State has over 8,700 enrolled students and 580 faculty members. Due to proximity of Humboldt State, apartments at Campbell Creek are always in high demand. Tenants are within walking distance to the Arcata Sports Complex, Sunny Brae Shopping Center, and Redwood Park. The Arcata Plaza is less than a mile away which features an abundance of local restaurants and shopping. Given the high student housing demand and recent construction, Campbell Creek is primed for consistent cash flow for years to come. ***CAP RATE IS PRO FORMA.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 20 | - | 500 |
| 1+1 | 20 | - | 650 |
| 2+1 | 20 | - | 800 |
PROPERTY TAXES
| Parcel Number | 503-202-003-000 | Improvements Assessment | $7,583,672 |
| Land Assessment | $1,129,734 | Total Assessment | $8,713,406 |
PROPERTY TAXES
