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Duplex - NEW CONSTRUCTION 332 ROBERTSON

2 Unit Apartment Building $492,099 CAD ($246,050 CAD/Unit) 8.64% Cap Rate Ridgecrest, CA 93555

Investment Highlights

  • Solar, Car Charger, Concrete stamped floors

Executive Summary

Brand new duplex with solar. Tenants pay all utilities. stamped concrete floors for easy maintenance. Xeriscape front and back yards. Car chargers for each apartment, low cap expenditures for many years. 2x6 walls, fire sprinklers, Air Conditioner, 8.8kw Tesla solar system. $1450 per unit. Acrylic stucco, including eaves which is vastly superior to traditional stucco and maintenance free. Units come with 2-10 New Home Builders Warranty. China Lakes Naval Weapons Station in the midst of a 5 billion dollar building renovation and they are hiring a steady stream of engineers. There is a shortage of new multi family units.
First 3 units have sold as the program proceeds on.

Financial Summary (Pro forma - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $48,943 $29.84
Other Income - -
Vacancy Loss - -
Effective Gross Income $48,943 $29.84
Taxes $5,330 $3.25
Operating Expenses $1,097 $0.67
Total Expenses $6,427 $3.92
Net Operating Income $42,515 $25.92

Financial Summary (Pro forma - 2024)

Gross Rental Income (CAD)
Annual $48,943
Annual Per SF $29.84
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $48,943
Annual Per SF $29.84
Taxes (CAD)
Annual $5,330
Annual Per SF $3.25
Operating Expenses (CAD)
Annual $1,097
Annual Per SF $0.67
Total Expenses (CAD)
Annual $6,427
Annual Per SF $3.92
Net Operating Income (CAD)
Annual $42,515
Annual Per SF $25.92

Property Facts

Price $492,099 CAD
Price Per Unit $246,050 CAD
Sale Type Investment
Cap Rate 8.64%
Gross Rent Multiplier 10.8
No. Units 2
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Building Class B
Lot Size 0.14 AC
Building Size 1,640 SF
No. Stories 1
Year Built 2024
Parking Ratio 2.44/1,000 SF

Site Amenities

  • Fenced Lot
  • Car Charging Station

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 2 $2,039 CAD 820

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
478-062-13-00-3
Land Assessment
$10,961 CAD
Improvements Assessment
$0 CAD
Total Assessment
$10,961 CAD
Annual Taxes
$5,330 CAD ($3.25 CAD/SF)
Tax Year
2024

zoning

Zoning Code R-1, R (The unit is in a family neighborhood with almost exclusively single family homes.)
R-1, R (The unit is in a family neighborhood with almost exclusively single family homes.)
  • Listing ID: 26364947

  • Date on Market: 2022-08-09

  • Last Updated:

  • Address: 332 ROBERTSON, Ridgecrest, CA 93555

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