Active
1557-1597 Bruce Drive
Anderson CA, 96007
$4,000,000
Active
Multi-family
Built in 1964
40 Unit apartment complex for sale in Anderson CA. 10 structures on two parcels housing 9 - one bedroom one bath, 24 - two bedroom one bath, 6 - three bedroom one bath and a 3 bedroom one bath managers unit with separate office. On site laundry. Seasonally operated pool. Owner owned solar feeding mangers unit and laundry. 100% occupied with current gross monthly income of $35,660 ($427,920 yr), Approx. annual expenses of $179,000 presents a cap rate of 6.20%. Currently 60% of rents are below market rate. Once to market rental rate, gross income would exceed $500,000 yr. Some of the interiors have been remodeled and capital improvement on carports recently started. Great location across from public ball field/park, close to shopping and public transportation.
24-4057
MLSⓇ ID
September 20, 2024
Listed
November 22, 2024
Updated
Map
1557-1597 Bruce Drive
Anderson CA, 96007
Interior Features
Total Stories
2
Fireplace
No
Cooling
Yes
Cooling Description
Window Unit(s)
Heating
No
Exterior/Building Features
Other Property Details
Area Name
05 - Anderson
Days on Market
16
Garage
No
Parking
Assigned, Unassigned, Off Street
View
No
County
Shasta
Pool
No
Listed by Better Homes Gardens Real Estate - Results, Richard A Howe,
Listing Contact:
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