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31211 Highway 128 6 Unit Apartment Building $1,600,000 ($266,667/Unit) 6.13% Cap Rate Cloverdale, CA 95425

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INVESTMENT HIGHLIGHTS

  • Minutes from downtown Cloverdale
  • PLEASE CONTACT Julio Caceres (707) 239-4846 FOR MORE DETAILS.

EXECUTIVE SUMMARY

Family Compound or Multi-family investment opportunity. This 2.28-acre property offers six (6) houses, two (2) large storage buildings, two (2) animal corrals, One (1) trailer, and more! Discover the potential of this multi-unit or family compound with rental income potential, just minutes from downtown Cloverdale, yet nestled in the tranquility of country living. Boasting 6 homes & a mobile home, two large storage buildings to offer ample space for equipment and expansive grounds to accommodate farm animals with two horse corrals in place. Whether you are seeking an investment opportunity or a family compound, this property is awaiting your personal touch. Don't miss this opportunity to own this versatile compound where country living meets urban convenience. Parcel #116-010-008 (1.60acres) & 116-010-009 (.68) are being sold together for total 2.28 acres.
PLEASE CONTACT Julio Caceres (707) 239-4846 FOR MORE DETAILS.

PROPERTY FACTS

Price $1,600,000
Price Per Unit $266,667
Sale Type Investment
Cap Rate 6.13%
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 1.64 AC
Building Size 4,311 SF
Average Occupancy 100%
No. Stories 2
Year Built 1991
Zoning AR5

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Storage Space

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
116-010-008
Land Assessment
$30,029
Improvements Assessment
$151,449
Total Assessment
$181,478
  • Listing ID: 32504412

  • Date on Market: 7/18/2024

  • Last Updated:

  • Address: 31211 Highway 128, Cloverdale, CA 95425

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