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The Summit Apartments 360 Sutter Hill Rd

16 Unit Apartment Building $4,003,338 CAD ($250,209 CAD/Unit) 6.42% Cap Rate Sutter Creek, CA 95685

Investment Highlights

  • Very quiet apartment complex. Each unit has a dedicated covered parking space with approximately 9 visitor spaces

Executive Summary

Beautifully kept apartment complex within one mile of downtown Sutter Creek. The city has lots of restaurants, shopping, and wine tasting rooms.
The majority of the shopping centers, government offices, and many more business are located in Jackson, with it's nearest town of Martell located approximately three miles from subject property.
New roof in 2022; new siding in front 2023; New trash enclosure 2023; New solar/carport installed 2022.

Financial Summary (Actual - 2024) 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 - 2024) 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 $4,003,338 CAD
Price Per Unit $250,209 CAD
Sale Type Investment
Cap Rate 6.42%
Sale Conditions 1031 Exchange
Gross Rent Multiplier 10.02
No. Units 16
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.66 AC
Building Size 11,200 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1996/2023

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Disposal
  • Heating
  • Ceiling Fans
  • Eat-in Kitchen
  • Kitchen
  • Refrigerator
  • Oven
  • Sprinkler System
  • Tub/Shower
  • Carpet
  • Vinyl Flooring
  • Window Coverings

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 1 $1,642 CAD 627
2+1 14 $2,104 CAD 747
3+1 1 $2,292 CAD 867

zoning

Zoning Code NC
NC
  • Listing ID: 33972565

  • Date on Market: 2024-11-22

  • Last Updated:

  • Address: 360 Sutter Hill Rd, Sutter Creek, CA 95685

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