1557-1597 Bruce Drive
$4,000,000
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Description
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...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.
- Listed by Richard A Howe • DRE #02058221 • Better Homes Gardens Real Estate - ResultsP: (530)-949-4895 C: (530)-949-4895 richardhowe67@gmail.com
Property Details for 1557-1597 Bruce Drive
Subdivision Name
N/A
LISTING UPDATED: 10/04/2024 01:57 PM
Property Details for 1557-1597 Bruce Drive
Status | Active |
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MLS # | 24-4057 |
Days on Compass | 60 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Residential Income |
Year Built | 1964 |
Lot Size | 2.50 AC / 108,900 SF |
County | Shasta County |
Building Information for 1557-1597 Bruce Drive
Stories2Residences-Year Built1964Building Size-Lot Size2.50 AC / 108,900 SF
Property Information for 1557-1597 Bruce Drive
Property History for 1557-1597 Bruce Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 1557-1597 Bruce Drive
This home is within Cascade Union Elementary School District.
Rating | School | Type | Grades | Distance |
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Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 5 |
Rating | School | Distance |
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Anderson Heights Elementary School PublicK to 5 | ||
Anderson Middle School Public6 to 8 | ||
Oakview High (Alternative) School Public9 to 12 | ||
Meadow Lane Elementary School PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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