251 E 300 S
Property Description
This is an excellent investment opportunity providing significant immediate cashflow. This 12-unit historic apartment building features eleven 1-bedroom units and one studio apartment, as well as 12 large onsite storage units, producing current monthly income of $12,650. Located in the heart of Springville, this property has consistent occupancy history and high rental demand when units become available. This is an opportunity to acquire a stabilized building in a core location with reliable day-one income and straightforward management. Seller is willing to finance 75% of the purchase price at 3.99% for 3 years.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,100,000 |
| No. of Units: | 12 |
| Year Built: | 1914 |
| Lot Size: | 8,957.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $175,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 12 |
| Number of Bathrooms: | 12 |
ID: 3yd-WFRMLSUT-2151603
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout