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5638 N Gledhill Ave 15 Unit Apartment Building $850,000 ($56,667/Unit) Olivehurst, CA 95961
INVESTMENT HIGHLIGHTS
- Easy commute to Lincoln, Roseville, Sacramento, Marysville, and Yuba City.
- Fire suppression system and central fire alarm already installed.
- Strong rental demand in a rapidly developing area.
EXECUTIVE SUMMARY
Investor's Dream, Incredible Value!!!, $414,990.00 Price reduction to, only $850,000.00! Be first, cash perferred + closing costs! Subject to Seller's 1031 Exchange!!! An Incredible Opportunity to secure a 15 Unit Complex, that is easy on your wallet! FINALED ON 10/29/2024, i.e., PERMITTED USE CHANGE FROM A CHURCH TO A MULTI-UNIT COMPLEX Note: Subject Property has Fire Suppression and Fire Alarm Central Systems, coupled with 15 on-site individual Parking Spaces, which include two Disability Parking Spaces. THIS OFFERING IS A GREAT NO-BRAINER FINANCIAL OPPORTUNITY! Close to shopping, i.e., Wal-Mart, Costco, Restaurants, Fast Food Facilities, Service Stations, Hospital, etc., coupled with easy commutes to Lincoln, Roseville, Sacramento, Marysville, and Yuba City.
PROPERTY FACTS
| Price | $850,000 | Lot Size | 0.41 AC |
| Price Per Unit | $56,667 | Building Size | 9,000 SF |
| Sale Type | Investment | Average Occupancy | 92% |
| No. Units | 15 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1992 |
| Property Subtype | Apartment | Parking Ratio | 3.21/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | R-01 - Residential | ||
| Price | $850,000 |
| Price Per Unit | $56,667 |
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 9,000 SF |
| Average Occupancy | 92% |
| No. Stories | 1 |
| Year Built | 1992 |
| Parking Ratio | 3.21/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-01 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
1 1
PROPERTY TAXES
| Parcel Number | 020-293-007-000 | Improvements Assessment | $399,179 |
| Land Assessment | $65,616 | Total Assessment | $464,795 |
PROPERTY TAXES
Parcel Number
020-293-007-000
Land Assessment
$65,616
Improvements Assessment
$399,179
Total Assessment
$464,795
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Presented by
Intrust Properties, Inc. DRE 00997045
5638 N Gledhill Ave
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