Paulin Apartments | 827 Paulin Ave
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Paulin Apartments 827 Paulin Ave
10 Unit Apartment Building $2,135,250 CAD ($213,525 CAD/Unit) 7.80% Cap Rate Calexico, CA 92231
Executive Summary
Don't miss out on this amazing opportunity to acquire a 10-unit apartment complex, to add to your Real Estate Portfolio. This property is located at 827 & 833 Paulin Ave, Calexico Ca. This property presents an excellent investment opportunity, particularly for investors who are looking to capitalize on its potential. All 10 units are rented with low overhead. This property features 10 units with each unit consisting of 2 bedrooms and 1 full bath. Six units are in the front and four units in the back alley. All 10 units were recently fully renovated, up to the city code. Renovation includes new tankless water heaters, A/C units, flooring, dry walls, kitchen appliances and bathroom appliances. Located near the border, restaurants and grocery stores. This is a prime opportunity to add a promising asset to your portfolio. Act quickly and secure your investment today! Buyer's agent/buyer to conduct thorough due diligence to ensure that all aspects of the property and information provided is accurate and meet their expectations.
Please do not disturb Tenants. Call listing agent to schedule an appointment. Owner's expenses: Hazard Insurance $291 (monthly), Grounds Keeping $60 (monthly), Fumigation $100 (monthly), Trash Collection (commercial dumpster) $286, Water $750, Property Tax Bi-Annual Installment $3,126.80.
Please do not disturb Tenants. Call listing agent to schedule an appointment. Owner's expenses: Hazard Insurance $291 (monthly), Grounds Keeping $60 (monthly), Fumigation $100 (monthly), Trash Collection (commercial dumpster) $286, Water $750, Property Tax Bi-Annual Installment $3,126.80.
Financial Summary (Pro forma - 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 |
Financial Summary (Pro forma - 2024) Click Here to Access
Gross Rental Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
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 | $2,135,250 CAD | Apartment Style | Low Rise |
Price Per Unit | $213,525 CAD | Building Class | C |
Sale Type | Investment | Lot Size | 0.30 AC |
Cap Rate | 7.80% | Building Size | 6,776 SF |
Gross Rent Multiplier | 11 | Average Occupancy | 100% |
No. Units | 10 | No. Stories | 2 |
Property Type | Multifamily | Year Built/Renovated | 1972/2023 |
Property Subtype | Apartment | Opportunity Zone |
Yes
|
Price | $2,135,250 CAD |
Price Per Unit | $213,525 CAD |
Sale Type | Investment |
Cap Rate | 7.80% |
Gross Rent Multiplier | 11 |
No. Units | 10 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.30 AC |
Building Size | 6,776 SF |
Average Occupancy | 100% |
No. Stories | 2 |
Year Built/Renovated | 1972/2023 |
Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Balcony
- Kitchen
- Refrigerator
- Tub/Shower
- Family Room
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
2+1 | 10 | $4,270 CAD | 650 - 696 |
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Walk Score ®
Very Walkable (83)
PROPERTY TAXES
Parcel Number | 058-351-003-000 | Total Assessment | $299,213 CAD (2023) |
Land Assessment | $141,620 CAD (2023) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
Improvements Assessment | $157,593 CAD (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
058-351-003-000
Land Assessment
$141,620 CAD (2023)
Improvements Assessment
$157,593 CAD (2023)
Total Assessment
$299,213 CAD (2023)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
zoning
Zoning Code | MU |
MU |
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Paulin Apartments | 827 Paulin Ave
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