Park Palace Apartments | 16193 H St
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Park Palace Apartments 16193 H St
81 Unit Apartment Building $5,836,560 CAD ($72,056 CAD/Unit) 5.42% Cap Rate Mojave, CA 93501
Investment Highlights
- IRS Section 42 LIHTC Restricted. Built in 2007 With Extended Use Restrictions on Regulatory Agreement for 55 Years.
- Excellent Unit Make Up With 40-Two-Bedrooms, 33-Three-Bedrooms, and 8-Four-Bedrooms
- Unique Opportunity to Purchase 81 Units of 2007 Construction At well below construction costs
Data Room Click Here to Access
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $5,836,560 CAD | Building Class | B |
| Price Per Unit | $72,056 CAD | Lot Size | 6.03 AC |
| Sale Type | Investment | Building Size | 118,596 SF |
| Cap Rate | 5.42% | Average Occupancy | 100% |
| No. Units | 81 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2007 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden |
| Price | $5,836,560 CAD |
| Price Per Unit | $72,056 CAD |
| Sale Type | Investment |
| Cap Rate | 5.42% |
| No. Units | 81 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 6.03 AC |
| Building Size | 118,596 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2007 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Heating
- Refrigerator
- Range
- Wheelchair Accessible (Rooms)
Site Amenities
- Fitness Center
- Laundry Facilities
- Playground
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 41 | - | 902 |
| 3+2 | 32 | - | 1,136 |
| 4+2 | 8 | - | 1,336 |
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PROPERTY TAXES
| Parcel Number | 236-480-10-00-8 | Total Assessment | $13,025,558 CAD (2024) |
| Land Assessment | $448,545 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $12,577,013 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
236-480-10-00-8
Land Assessment
$448,545 CAD (2024)
Improvements Assessment
$12,577,013 CAD (2024)
Total Assessment
$13,025,558 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | R-2 |
| R-2 |
-
Isaak Heitzeberg -
Marcus and Millichap Investment Services
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Park Palace Apartments | 16193 H St
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