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.

ATTACHMENTS

Rent Roll (1)

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
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

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
Walk Score®
Very Walkable (78)
  • Listing ID: 35012805

  • Date on Market: 2025-03-04

  • Last Updated:

  • Address: 2520 Walters Way, Concord, CA 94520