
Description
3 buildings, 18-unit multi-family project. 100% leased and almost always full. Located downtown with a tenant mix of locals and traveling healthcare professionals. +/-6,000 SF of unoccupied commercial structures will add more revenue to the bottom line. Easy walk to many iconic restaurants (From the Hearth, Charlew's Beer House, Peter Chu's, Cheesecake's Unlimited, etc.). The estimated cap rate is 5.2% based on current rents of +/- $240,000/year (and estimated expenses; this does not include potential com'l bldg rent). Complete Offering Memorandum is in process and will be available shortly. Square footage does not include 6,000 SF of commercial space, provided at no extra cost.
-
0BEDS
-
1.3ACRES
-
0BATHS
-
01/2 BATHS
-
12,000SQFT
-
$267$/SQFT
School Ratings & Info
Description
3 buildings, 18-unit multi-family project. 100% leased and almost always full. Located downtown with a tenant mix of locals and traveling healthcare professionals. +/-6,000 SF of unoccupied commercial structures will add more revenue to the bottom line. Easy walk to many iconic restaurants (From the Hearth, Charlew's Beer House, Peter Chu's, Cheesecake's Unlimited, etc.). The estimated cap rate is 5.2% based on current rents of +/- $240,000/year (and estimated expenses; this does not include potential com'l bldg rent). Complete Offering Memorandum is in process and will be available shortly. Square footage does not include 6,000 SF of commercial space, provided at no extra cost.
IDX information © 2022 Shasta Association of Realtors MLS. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2022-06-27T17:07:10.067.
Licensed in the State of California.