Courtesy of Albers Real Estate Investment Company, Hap Albers 831-372-1922
This 14-unit apartment complex delivers many investor positives which will increase your investment return. The unit mix features all two-bedroom / one-bathroom units with a $2,100 monthly average rent. Market rents are $2200 plus. Capital improvements include: new asphalt comp roof 2018, exterior painting 2018, catwalk repairs, new stainless steel stairs and handrails, security lights, complete main electric panel replacement, and individual unit water shutoff valves. Interior capital improvements include 12 remodeled units with new kitchens, appliances, flooring, and bathrooms. These capex items will reduce potential insurance premium increases, improvement requirements, and future capital investment. Exterior maintenance is minimal. The complex also has 18 off-street parking spaces.
This 14-unit apartment complex delivers many investor positives which will increase your investment return. The unit mix features all two-bedroom / one-bathroom units with a $2,100 monthly average rent. Market rents are $2200 plus. Capital improvements include: new asphalt comp roof 2018, exterior painting 2018, catwalk repairs, new stainless steel stairs and handrails, security lights, complete main electric panel replacement, and individual unit water shutoff valves. Interior capital improvements include 12 remodeled units with new kitchens, appliances, flooring, and bathrooms. These capex items will reduce potential insurance premium increases, improvement requirements, and future capital investment. Exterior maintenance is minimal. The complex also has 18 off-street parking spaces.
Multifamily
Five or More Units
1978
--
--
0.33
Active
25
11,200 Sq. Ft.
14,536 Sq. Ft.
Location
- Countertop - Formica, Countertop - Synthetic, Exhaust Fan, Oven Range - Electric, Refrigerator
- No
- Coin Operated, Washer / Dryer
- None
- Gas, Wall Furnace
- Carpet, Laminate, Tile, Vinyl / Linoleum
Hap Albers
Albers Real Estate Investment Company
Monterey
ML81996974
COE
Listings last updated on 04/02/2025 12:05 AM.
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Sunita Gurung Easterday, CALDRE 01975888, Realoq Inc., CALDRE 02221797, 877-798-2005, 2001 Clayton Road Suite 200, Concord, CA 94520