Hummingbird Apartments
-Attractive Assumable Financing
-All Two-Story Townhomes
-Large Lot Size
-Ample Tenant Parking Available
-Huge Value-Add Upside Potential
-100% Leased
Property Description
We are pleased to present the exclusive listing of this 13-unit property consisting of all two-story townhomes in the city of Ventura. Featuring a unique unit mix with great value-add potential, this property is situated on a 31,000 SQF lot comprising a complete side of a quiet cul-de-sac. Conveniently located just one mile away from Interstate 101 Freeway and The Ventura Shopping Center consisting of a Walmart, Trader Joes, LA Fitness and local restaurants. Highly attractive interest-only assumable financing available at 3.4% for the next 3 years leaving ample time to add significant value to the property and units. Link available with all property financials with a signed NDA.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Highest & best offer |
| Multifamily type: | Apartments |
| Price: | $5,500,000 |
| No. of Units: | 13 |
| Cap Rate: | 4.56% |
| GRM /GIM: | 13.45 |
| Average Occupancy: | 100 |
| Year Built: | 1973 |
| Building Size: | 17,018 Sq ft |
| Lot Size: | 30,928.00 Sq ft |
| No. of Stories: | 2 |
| APN: | 135-0-174-290 |
| Opportunity Zone: | No |
| Price per unit: | $423,077 |
FINANCIAL DETAILS
| Income/expense info: | Actual |
|---|---|
| Net operating income: | 250666 |
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