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The Summit Apartments 360 Sutter Hill Rd 16 Unit Apartment Building $4,536,740 CAD ($283,546 CAD/Unit) 6.17% Cap Rate Sutter Creek, CA 95685
INVESTMENT HIGHLIGHTS
- Very quiet complex
- Parking/Carport lights are motion activated
EXECUTIVE SUMMARY
Great location in Sutter Creek, walking distance to restaurants, shopping and wind tasting.
Solar carports, owner owned solar system. Solar power to all units. Each unit has it's own hot water heater.
On site Laundry Room with three washers/three dryers along with a change machine and vending machine
Each unit has fire sprinklers, a 10-year inspection was performed and passed. Backflow water pressure inspection is completed every year and passed every year.
Rents are increased every anniversary of tenant move in, a flat 5% plus CPI allowable rate.
There is an office unit with utility room on site
Solar carports, owner owned solar system. Solar power to all units. Each unit has it's own hot water heater.
On site Laundry Room with three washers/three dryers along with a change machine and vending machine
Each unit has fire sprinklers, a 10-year inspection was performed and passed. Backflow water pressure inspection is completed every year and passed every year.
Rents are increased every anniversary of tenant move in, a flat 5% plus CPI allowable rate.
There is an office unit with utility room on site
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $4,536,740 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $283,546 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.66 AC |
| Cap Rate | 6.17% | Building Size | 11,200 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.19 | No. Stories | 2 |
| No. Units | 16 | Year Built/Renovated | 1996/2023 |
| Property Type | Multifamily | Parking Ratio | 2.23/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | NC - Residential Improved | ||
| Price | $4,536,740 CAD |
| Price Per Unit | $283,546 CAD |
| Sale Type | Investment |
| Cap Rate | 6.17% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 10.19 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.66 AC |
| Building Size | 11,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1996/2023 |
| Parking Ratio | 2.23/1,000 SF |
| Zoning | NC - Residential Improved |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Tub/Shower
- Carpet
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $1,632 CAD | 627 |
| 2+1 | 14 | $2,268 CAD | 747 |
| 3+1 | 1 | $2,278 CAD | 867 |
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The Summit Apartments | 360 Sutter Hill Rd
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