TWO, 8-unit apartment buildings for-sale … 16-Units Total Excellent location on a tree-lined street in an upscale area. A few blocks to Safeway, Target, Sunvalley Mall and Diablo Valley College (about 22,000 students). First time on the market in 44-years … this has been a terrific rental property. 329 and 323 Camelback Road - buildings can also be bought separately Apartment Mix (each building) 4-units are 1-bed/1-bath 2-units are 1-bed + den/1-bath 2-units are 2-bed/1-bath Current Rents : $144,000 per year (ave per building) HUD Rents : $204,000 per year (per building) Offered at : $2,000,000 (per building) x 2 = $4,000,000 Price Per Unit : $250,000 Square feet : 5,808 (per building) Price Per Sq Ft : $344 CAP-Rates : 3.8% (current rents), 6.8% (HUD rents) IMPORTANT : please do not disturb Tenants - you are welcome to driveby, or do a quick walk around the buildings, but please have any discussions across the street so as not to disturb the Tenants.
Listing courtesy of Re/Max Accord. Selling Office: Re/Max Accord.
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