Residential Income Details
CLASS A BUILDING! We are pleased to present a 10 Unit Brand New multifamily property located in the City of Placentia. Situated on almost half an acre lot, the property consists of eight four-bedroom tri-level townhouse style units with two bath each, and two owner style four bedroom tri-level townhouse style units with two and a half bath units. Built in 2018, the ten townhome units offer private garage parking with direct access, ample storage, new appliances, central A/C and Heat, and modern Kitchen and Bathrooms. The units are equipped with brand new interior finishes which include granite counter tops, wooden cabinets, and beautiful flooring throughout. Each unit has their own Garage, Patio, & Balcony. All units are multi-level and separately metered for gas, electric, and water as well. Each unit has their own Washer and Dryer and extra storage closets.
The Seller is finishing construction and will have certificates of occupancy by end of May, but is selling now. COE to take place after CO is received. A Buyer has the opportunity to fill up themselves with their own tenants.
The Best Rent Comp is for the same style building, just built in 2017 only 50 yards away. They are getting $2,900, so if this building gets the same, you are at 4.5+% CAP Rate for New Construction in Orange County. In addition, the Price/SF is Under $300/SF for New Construction!
We have digital building plans, and appraisal at $5mil from 2016 (2 years old), another reason why $5.5mil.
|Number of Units||10|
|Listing Brokerage||Marcus & Millichap RE Invest|
|Listing Agent||Mark Bridge|
|Listing Agent BRE #||01316702|
|Features||Balcony,Granite Counters,Pantry,Storage Space|
|Appliances||Dishwasher,Garbage Disposal,Gas Oven,Gas Range,Gas Stove,Gas Water Heater,Range/Stove Hood,Refrigerator|
|Parking||Direct Garage Access,Garage|
Based on information from California Regional Multiple Listing Service, Inc. as of Wednesday, August 8, 2018.
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.
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