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408 Niles Ave

5 Unit Apartment Building $2,134,860 CAD ($426,972 CAD/Unit) 5.70% Cap Rate Roseville, CA 95678

Investment Highlights

  • Location, location, location!
  • Highly Desirable 2Bed/1Bath Units
  • All Units Rehabbed 2017, Turnkey 5 separate units in one parcel.

Executive Summary

Location..location..location! This is an investment opportunity. Rare Detached Homes on 1 lot at Roseville!! Own total of 5 homes. This are well maintained and in good conditions. All units are remodeled year 2018. Current monthly gross net income of $8789 per month. Stable tenants. Living space total of 3600, with lot size of 17,992 sq ft. Includes 3 homes at 404 Niles, 406 Niles and 408 Niles Avenue and 2 homes on 316 and 316A Elefa St. Each home is a 2 bedroom/1 bath. All homes have their own gated yards, access to laundry, garage or storage sheds. Area 12678 Roseville Central. Close to downtown, restaurant, elementary school and public transportation.
Current

Attachments

PRELIM (1)

Data Room Click Here to Access

Financial Summary (Actual - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $153,098 $34.20
Other Income $8,781 $1.96
Vacancy Loss - -
Effective Gross Income $161,879 $36.16
Taxes $11,802 $2.64
Operating Expenses $31,152 $6.96
Total Expenses $42,953 $9.59
Net Operating Income $118,926 $26.56

Financial Summary (Actual - 2024)

Gross Rental Income (CAD)
Annual $153,098
Annual Per SF $34.20
Other Income (CAD)
Annual $8,781
Annual Per SF $1.96
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $161,879
Annual Per SF $36.16
Taxes (CAD)
Annual $11,802
Annual Per SF $2.64
Operating Expenses (CAD)
Annual $31,152
Annual Per SF $6.96
Total Expenses (CAD)
Annual $42,953
Annual Per SF $9.59
Net Operating Income (CAD)
Annual $118,926
Annual Per SF $26.56

Property Facts

Price $2,134,860 CAD
Price Per Unit $426,972 CAD
Sale Type Investment
Cap Rate 5.70%
Sale Conditions 1031 Exchange
Gross Rent Multiplier 19.94
No. Units 5
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Single Family Home
Building Class C
Lot Size 0.41 AC
Building Size 4,477 SF
Average Occupancy 100%
No. Stories 1
Year Built/Renovated 1954/2018
Parking Ratio 2.23/1,000 SF

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Washer/Dryer Hookup
  • Ceiling Fans
  • Refrigerator
  • Yard
  • Vinyl Flooring

Site Amenities

  • Fenced Lot
  • Storage Space

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1.5 1 $2,704 CAD 796
2+1 1 $2,669 CAD 796
2+1 1 $2,669 CAD 892
2+1 1 $2,669 CAD 795
Walk Score ®
Very Walkable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
011-092-002
Land Assessment
$344,108 CAD (2023)
Improvements Assessment
$841,155 CAD (2023)
Total Assessment
$1,185,263 CAD (2023)
Annual Taxes
$11,802 CAD ($2.64 CAD/SF)
Tax Year
2024 Payable 2024

zoning

Zoning Code Residential Income (Residential Income.)
Residential Income (Residential Income.)
  • Listing ID: 32642596

  • Date on Market: 2024-07-31

  • Last Updated:

  • Address: 408 Niles Ave, Roseville, CA 95678

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