The Summit Apartments 360 Sutter Hill Rd 16 Unit Apartment Building $3,250,000 ($203,125/Unit) 6.17% Cap Rate Sutter Creek, CA 95685

Great location in Sutter Creek, walking distance to restaurants, shopping and wind tasting.
Solar carports, owner owned solar system. Solar power to all units. Each unit has it's own hot water heater.
On site Laundry Room with three washers/three dryers along with a change machine and vending machine
Each unit has fire sprinklers, a 10-year inspection was performed and passed. Backflow water pressure inspection is completed every year and passed every year.
Farmers Insurance to be placed on property as of June 2025. Agent - Larry DiGiacomo, 415/661-3880
Rents are increased every anniversary of tenant move in, a flat 5% plus CPI allowable rate.
There is an office unit with utility room on site