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Multifamily in Calexico 3 units 737 Renaud Ct 3 Unit Apartment Building $329,000 ($109,667/Unit) 6.60% Cap Rate Calexico, CA 92231
Investment Highlights
- High demand area for rents
Executive Summary
Great investment property well maintained, the property is located near the Mexican border, shopping centers and schools, the property has 3 units, 2 unit has a 2-bedroom, one bath and the other unit has 1 bedroom and 1 bath, all units are rented, Great opportunity. Great Cap Rate at 8.36
Property Facts Under Contract
| Price | $329,000 | Property Subtype | Apartment |
| Price Per Unit | $109,667 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.60% | Lot Size | 0.12 AC |
| Sale Condition | 1031 Exchange | Building Size | 1,732 SF |
| Gross Rent Multiplier | 8.36 | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1940/2008 |
| Zoning | R2 - Duplex/Apartments | ||
| Price | $329,000 |
| Price Per Unit | $109,667 |
| Sale Type | Investment |
| Cap Rate | 6.60% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 8.36 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 1,732 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1940/2008 |
| Zoning | R2 - Duplex/Apartments |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $1,045 | 700 |
| 1+1 | 2 | $874.00 | 700 |
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Property Taxes
| Parcel Number | 058-543-017-000 | Improvements Assessment | $54,205 |
| Land Assessment | $23,226 | Total Assessment | $77,431 |
Property Taxes
Parcel Number
058-543-017-000
Land Assessment
$23,226
Improvements Assessment
$54,205
Total Assessment
$77,431
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Multifamily in Calexico 3 units | 737 Renaud Ct
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