St. Tropez Villa Apartments – SELLER FINANCING
Update as of October 30.
• Seller Financing Available
• New Management
• Increased Rents
• Higher CAP Rate
St Tropez Villa Apartments offers a value-add opportunity perfectly located centrally in a family-oriented area of town. The two-story complex was built in 1985 and is comprised of 57 large 1×1 bed and 2×2 bed units averaging 803 sf. All 2nd floor units have balconies with a small storage room. Except for the 15 ground floor units facing South, the ground floor units have patios. The 57 units sit on a large 1.82 acre lot. For additional Information & demographics, click “View Property Brochure” below.
Listing link: https://helloarti.com/view/66906
Drone video: https://youtu.be/emLa8x01Xac
Key Property Information
| Listing Status: | Available |
|---|---|
| Multifamily type: | Apartments |
| Price: | $9,980,000 |
| No. of Units: | 57 |
| Cap Rate: | 5.39% |
| Average Occupancy: | 96 |
| Year Built: | 1985 |
| Building Size: | 45,815 Sq ft |
| No. of Stories: | 2 |
| APN: | 162-07-801-002 |
| Zoning Code: | R-4 |
| Opportunity Zone: | No |
| Price per unit: | $175,088 |
| Property Website | Click Here |
FINANCIAL DETAILS
| Income/expense info: | Pro Forma |
|---|---|
| Gross income: | 810979 |
| Operating expenses: | 273231 |
| Net operating income: | 537748 |
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Anders Graciano | 7024432881 | [email protected] |
Similar Properties in the Area
3 ACRES in Downtown Coral Springs
Coral Springs , FloridaApartment News
View All-
Kidder Mathews Elevates Luchs to Managing Director
California | December 8, 2023
-
Marcus & Millichap Closes Multifamily Sale in Hillcrest
California | December 8, 2023
-
San Francisco Acquires Luxury Apartments as Supportive Housing
California | December 8, 2023
Investing Classroom
View All
Brokers
View All-
Carson Mitchell
Clements and Bush Trading | Texas
-
"T." Furlow
-
G B
-
Eddie Jones
Marketing Alliances Group
Lenders
View All-
Felix Gutnikov
California
-
Gary Bechtel
North Carolina
-
Brad Ross
California
-
Ken Gaitan
Idaho
