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731 9th St

12 Unit Apartment Building $1,390,468 CAD ($115,872 CAD/Unit) Crescent City, CA 95531

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Executive Summary

12 units studios and one bedrooms, with one 3 bedroom unit. Garages can be converted to living space, there are 5 of them Current ownership is having electrical upgraded with permits per the city. This will be completed prior to any ownership change. All units are vacant. ARV appraisal at 1.2 million plus. Estimated monthly income is approximately 13000 a month once fully occupied. Additional income possible. Located in Crescent City, near the ocean, in a growing community with a need for affordable housing. Private money, cash, or hard money. Seller cannot carry the loan. Seller open to paying a buyers brokers fee, just ask.
Seller is principal.

Property Facts

Price	$1,390,468 CAD	Building Class	C
Price Per Unit	$115,872 CAD	Lot Size	0.22 AC
Sale Type	Investment	Building Size	4,704 SF
Sale Conditions	1031 Exchange	Average Occupancy	0%
No. Units	12	No. Stories	2
Property Type	Multifamily	Year Built	1952
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price	$1,390,468 CAD
Price Per Unit	$115,872 CAD
Sale Type	Investment
Sale Conditions	1031 Exchange
No. Units	12
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.22 AC
Building Size	4,704 SF
Average Occupancy	0%
No. Stories	2
Year Built	1952
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.