685 N State St | Hemet, CA 92543
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- LoopNet Team
685 N State St
Hemet, CA 92543
Multifamily Property For Sale
·
87,786 SF
INVESTMENT HIGHLIGHTS
- Central Location - Near Downtown Hemet
- Direct Metered for Gas and Electricity
- 1.87 Acres Parcel (81,457 SF)
- 5.98% Current CAP Rate / 6.35% Year 1 CAP Rate
- Sub-Metered for Water & Flat Rate Reimbursement for Trash and Sewer
- Population In Excess of 167,000 Within a 5-Mile Radius
PROPERTY FACTS
| No. Units | 37 | Lot Size | 1.87 AC |
| Property Type | Multifamily | Building Size | 87,786 SF |
| Property Subtype | Manufactured Housing/Mobile Home | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1960 |
| Building Class | C | ||
| Zoning | C-2 | ||
| No. Units | 37 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.87 AC |
| Building Size | 87,786 SF |
| No. Stories | 1 |
| Year Built | 1960 |
| Zoning | C-2 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 36 | - | - |
| 2+1 | 1 | - | - |
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