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116-124 Bundeson Circle 116 Bundeson Dr 5 Unit Apartment Building $4,757,308 CAD ($951,462 CAD/Unit) 4.09% Cap Rate Hollister, CA 95023

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INVESTMENT HIGHLIGHTS

  • Newly Constructed Townhomes
  • Large 1500SF 3 Bedroom Units
  • Fully Occupied providing stable income

EXECUTIVE SUMMARY

Presenting a prime investment opportunity at 116-124 Bundeson Circle, Hollister, CA—a set of five luxurious condominiums, newly constructed in 2024, blending modern elegance with strong rental potential. Each of the five units offers 1,564 square feet of thoughtfully designed space, featuring three bedrooms and three bathrooms, ideal for comfortable living. All units are currently leased to dependable tenants, providing steady income. These premium residences showcase high-end finishes, including granite countertops, contemporary cabinetry, stylish flooring, and updated appliances, complemented by the convenience of washer/dryer hookups in every unit. Each condo also includes a private garage and two exclusive decks, perfect for outdoor enjoyment. The owner currently covers property taxes, insurance, and HOA dues for each unit, with tenants responsible for all other expenses, streamlining management and enhancing profitability. This combination of upscale amenities and favorable financial structure makes these condos a standout choice in today’s market. This is 5 Condos in a 13 Condo development.
Situated in the heart of Hollister, Bundeson Circle is enveloped by a welcoming, family-oriented community that exudes warmth and accessibility. The neighborhood offers close proximity to downtown Hollister’s charming boutiques, eclectic restaurants, and lively local events, creating a tight-knit, small-town vibe. Surrounding parks and recreational areas cater to outdoor lovers, while highly regarded schools nearby appeal to families. With convenient access to major highways, residents can easily reach Silicon Valley or Monterey, striking a perfect balance between serene suburban living and connectivity to bustling urban centers. This desirable location enhances the appeal of these condos, ensuring lasting value for tenants and investors alike.

PROPERTY FACTS

Price $4,757,308 CAD
Price Per Unit $951,462 CAD
Sale Type Investment
Cap Rate 4.09%
Gross Rent Multiplier 16.34
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Lot Size 0.23 AC
Building Size 7,820 SF
No. Stories 3
Year Built 2024
Zoning RR

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+3 5 $4,895 CAD 1,564
  • Listing ID: 35708158

  • Date on Market: 2025-05-01

  • Last Updated:

  • Address: 116 Bundeson Dr, Hollister, CA 95023

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