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15571597 Bruce Drive

Anderson CA 96007

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Currently for sale - view listing

Overview

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.

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Happy sellers in Anderson

90%
90% of sellers in Anderson reported that their sale price either exceeded or met their price expectations.

Anderson stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Anderson over the last 12 months.

Local market activity for other properties in Anderson

In the last 12 months, 43 other properties similar to 15571597 Bruce Drive, have been sold.

This represents a 32% increase in other properties sales when compared to the previous 12 months.

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(619) 566-0008
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