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700 Blair Ave 8 Unit Apartment Building $1,743,504 CAD ($217,938 CAD/Unit) 8.40% Cap Rate Calexico, CA 92231
INVESTMENT HIGHLIGHTS
- Hi desirable area
- Close to shopping
- Close to schools
EXECUTIVE SUMMARY
Charming Eight-Unit Complex – All Two-Bed, One-Bath, Newly Remodeled!
$115,200 annual income! Welcome to this beautifully updated eight-unit multifamily property, each unit featuring a comfortable two-bedroom, one-bath layout. Recently remodeled interiors offer modern finishes and a fresh, inviting atmosphere. With a solid cap rate around 8.4%, this property not only provides excellent rental income but also represents a fantastic investment opportunity. Don’t miss out on adding this turnkey building to your portfolio with strong returns and great curb appeal!
$115,200 annual income! Welcome to this beautifully updated eight-unit multifamily property, each unit featuring a comfortable two-bedroom, one-bath layout. Recently remodeled interiors offer modern finishes and a fresh, inviting atmosphere. With a solid cap rate around 8.4%, this property not only provides excellent rental income but also represents a fantastic investment opportunity. Don’t miss out on adding this turnkey building to your portfolio with strong returns and great curb appeal!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$160,810
|
$31.66
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$160,810
|
$31.66
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$34,340
|
$6.76
|
| Net Operating Income |
$126,470
|
$24.90
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $160,810 |
| Annual Per SF | $31.66 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $160,810 |
| Annual Per SF | $31.66 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $34,340 |
| Annual Per SF | $6.76 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $126,470 |
| Annual Per SF | $24.90 |
PROPERTY FACTS
| Price | $1,743,504 CAD | Property Subtype | Apartment |
| Price Per Unit | $217,938 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 8.40% | Building Size | 5,080 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.27 | No. Stories | 2 |
| No. Units | 8 | Year Built/Renovated | 1978/2017 |
| Property Type | Multifamily | ||
| Zoning | RA - Multifamily | ||
| Price | $1,743,504 CAD |
| Price Per Unit | $217,938 CAD |
| Sale Type | Investment |
| Cap Rate | 8.40% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11.27 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.26 AC |
| Building Size | 5,080 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1978/2017 |
| Zoning | RA - Multifamily |
AMENITIES
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | - | 637 |
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PROPERTY TAXES
| Parcel Number | 058-373-006-000 | Improvements Assessment | $847,337 CAD (2025) |
| Land Assessment | $118,508 CAD (2025) | Total Assessment | $965,845 CAD (2025) |
PROPERTY TAXES
Parcel Number
058-373-006-000
Land Assessment
$118,508 CAD (2025)
Improvements Assessment
$847,337 CAD (2025)
Total Assessment
$965,845 CAD (2025)
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700 Blair Ave
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