1557-1597 Bruce Drive Anderson, CA 96007
Listing Courtesy of: Shasta MLS / Better Homes And Gardens Real Estate Results / Richard "Rich" Howe

  1557-1597 Bruce Drive Anderson, CA 96007

Active (44 Days)

Description

40 Unit apartment complex for sale in Anderson CA. 10 structures on two parcels housing 9 - one bedroom one bath, 24 - two bedroom one bath, 6 - three bedroom one bath and a 3 bedroom one bath managers unit with separate office. On site laundry. Seasonally operated pool. Owner owned solar feeding mangers unit and laundry. 100% occupied with current gross monthly income of $35,660 ($427,920 yr), Approx. annual expenses of $179,000 presents a cap rate of 6.20%. Currently 60% of rents are below market rate. Once to market rental rate, gross income would exceed $500,000 yr. Some of the interiors have been remodeled and capital improvement on carports recently started. Great location across from public ball field/park, close to shopping and public transportation.

MLS #:
24-4057
Type
Multifamily
Year Built
1964
County
Shasta County
Community
N/a

Listed By

Richard "Rich" Howe, DRE #02058221 CA, Better Homes And Gardens Real Estate Results
Source
Shasta MLS
Last checked Nov 2 2024 at 6:31 AM GMT+0000
Bathroom Details
Subdivision
  • N/a
Heating and Cooling
  • Window Unit(s)
Parking
  • Off Street
  • Unassigned
  • Assigned
Stories
  • 2
Location
   
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Estimated Monthly Mortgage Payment

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Disclaimer: Copyright 2024 Shasta MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/1/24 23:31