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Large 6-Units with Seller Financing 503 Winslow St 6 Unit Apartment Building $1,919,390 CAD ($319,898 CAD/Unit) 6.40% Cap Rate Crockett, CA 94525



INVESTMENT HIGHLIGHTS
- 6-unit Apartment Complex Spread Across Two Separate Buildings Offering Five 2bd/1bth Units and One 1bd/1bth Unit
- In-Unit Water Heaters and Washer/Dryer Hook-ups Remodeled Units Upgraded Kitchens, Bathrooms, Custom Fixtures, Hardwood Floors, and More
- Attractive Crockett Location with Water Views Seller Financing is Available With Excellent Terms
- Separately Metered For Water in the Duplex and PG&E Across All Units with Low Annual Operating Expenses
- Low Maintenance Property with Upgraded Electrical, Plumbing, Newer Roof, and Double-Pane Windows
EXECUTIVE SUMMARY
6-unit apartment complex spread across a fourplex (503 Winslow St) and a duplex (414-416 Jackson St) with water views, strong cash flow, and excellent seller financing. The property is 100% occupied and offers an attractive unit mix of five 2bd/1bth units and one 1bd/1bth unit. The property was originally built in 1908, offers approximately 3,465 square feet of rental space, and sits on a 5,000 square foot lot with room for off street parking. The property has been well maintained and is separately metered for water in the duplex and separate PG&E meters across all units providing for low annual operating expenses. The units have been remodeled over time and offer upgraded electrical with a new main panel, upgraded wiring, and new breakers 10 years ago, in-unit washer/dryer hook-ups, in-unit water heaters, and a variety of other upgrades. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. This is an excellent Crockett location with water views only a few blocks to all the restaurants and shopping in Downtown Crockett. This location provides easy access to a variety of outdoor activities and HWY80 making this an attractive location that's always in high demand.
*****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING.
*****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING.
PROPERTY FACTS
| Price | $1,919,390 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $319,898 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 6.40% | Building Size | 3,465 SF |
| Gross Rent Multiplier | 11.28 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Parking Ratio | 1.73/1,000 SF |
| Zoning | R-6, Crockett | ||
| Price | $1,919,390 CAD |
| Price Per Unit | $319,898 CAD |
| Sale Type | Investment |
| Cap Rate | 6.40% |
| Gross Rent Multiplier | 11.28 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,465 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1920 |
| Parking Ratio | 1.73/1,000 SF |
| Zoning | R-6, Crockett |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | - | 600 |
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PROPERTY TAXES
| Parcel Number | 354-075-009-2 | Improvements Assessment | $963,507 CAD |
| Land Assessment | $481,747 CAD | Total Assessment | $1,445,254 CAD |
PROPERTY TAXES
Parcel Number
354-075-009-2
Land Assessment
$481,747 CAD
Improvements Assessment
$963,507 CAD
Total Assessment
$1,445,254 CAD
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Large 6-Units with Seller Financing | 503 Winslow St
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