Amberwood 2520 Walters Way 10 Unit Apartment Building $4,389,162 CAD ($438,916 CAD/Unit) 4.90% Cap Rate Concord, CA 94520



INVESTMENT HIGHLIGHTS
- Fully occupied units with long term tenants
EXECUTIVE SUMMARY
10 units available within this 24 unit condominium complex. Current cap rate has plenty of room to go up with future rent increases to market rents. Each unit comprises of 2 bedrooms and 1 bath, and are each 780 square feet. Seller will sell only all 10 units at this time. Seller may carry a 1st Deed of Trust with 50% down payment, with acceptable terms and conditions. All units are in great condition. All appliances stay, including washers and dryers. Each unit has their own separate washer and dryer. Monthly HOA is $440- monthly. Calculations have taken the HOA into account. Community Pool on property. This is a great price and an excellent long term investment! Unit 7 recently sold on 12/20/2024 for $345,000-. Plenty of equity in this portfolio. Turn key investment. All units occupied. All tenants are current on rents.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
---|---|---|
Gross Rental Income |
$99,999
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$9.99
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Other Income |
-
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-
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Vacancy Loss |
-
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-
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Effective Gross Income |
$99,999
![]() |
$9.99
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Taxes |
$99,999
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$9.99
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Operating Expenses |
$99,999
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$9.99
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Total Expenses |
$99,999
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$9.99
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Net Operating Income |
$99,999
![]() |
$9.99
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PROPERTY FACTS
Price | $4,389,162 CAD |
Price Per Unit | $438,916 CAD |
Sale Type | Investment |
Cap Rate | 4.90% |
Gross Rent Multiplier | 10 |
No. Units | 10 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Garden |
Building Class | C |
Lot Size | 1.11 AC |
Building Size | 18,720 SF |
Average Occupancy | 95% |
No. Stories | 2 |
Year Built/Renovated | 1980/2012 |
Parking Ratio | 1/1,000 SF |
Opportunity Zone |
Yes |
Zoning | M18, Concord |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Ceiling Fans
- Tile Floors
- Stainless Steel Appliances
- Range
SITE AMENITIES
- Laundry Facilities
- Gated
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
2+1 | 10 | $2,931 CAD | 780 |
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Walk Score®
Very Walkable (78)