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Chateau Apartments 230 J St 10 Unit Apartment Building $3,418,470 CAD ($341,847 CAD/Unit) 5.34% Cap Rate Davis, CA 95616



Investment Highlights
- All 2x1s
- Upgraded electrical panels.
- 1:1 Parking
Executive Summary
Well-maintained 10 units just east of downtown! All 2x1s, electrical panels recently replaced, dual pane windows.
Property is located just east of downtown (within walking distance!) and walk/bike to UC Davis campus.
Rare opportunity to purchase in Davis with 1:1 parking.
Approximately $30k of rental upside as well as $10k RUBs income upside to stabilized cap rate of 6.54%!
Tours will be offered 3/31, 4/2, 4/7 and 4/9. Please call to confirm a timeslot!
Property is located just east of downtown (within walking distance!) and walk/bike to UC Davis campus.
Rare opportunity to purchase in Davis with 1:1 parking.
Approximately $30k of rental upside as well as $10k RUBs income upside to stabilized cap rate of 6.54%!
Tours will be offered 3/31, 4/2, 4/7 and 4/9. Please call to confirm a timeslot!
Property Facts
| Price | $3,418,470 CAD | Building Class | C |
| Price Per Unit | $341,847 CAD | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 9,030 SF |
| Cap Rate | 5.34% | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.3 | No. Stories | 3 |
| No. Units | 10 | Year Built | 1966 |
| Property Type | Multifamily | Parking Ratio | 1.1/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R-2 | ||
| Price | $3,418,470 CAD |
| Price Per Unit | $341,847 CAD |
| Sale Type | Investment |
| Cap Rate | 5.34% |
| Gross Rent Multiplier | 10.3 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 9,030 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1966 |
| Parking Ratio | 1.1/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-2 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Storage Space
- Heating
- High Speed Internet Access
- Wi-Fi
- Double Pane Windows
- Patio
Site Amenities
- Laundry Facilities
- Wi-Fi
- Storage Space
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | - | 900 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Good public transit
60/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 070-313-002-000 | Improvements Assessment | $2,793,135 CAD |
| Land Assessment | $1,210,722 CAD | Total Assessment | $4,003,856 CAD |
Property Taxes
Parcel Number
070-313-002-000
Land Assessment
$1,210,722 CAD
Improvements Assessment
$2,793,135 CAD
Total Assessment
$4,003,856 CAD
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Chateau Apartments | 230 J St
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