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700 Blair Ave 8 Unit Apartment Building $1,620,205 CAD ($202,526 CAD/Unit) 8.18% Cap Rate Calexico, CA 92231
Investment Highlights
- Eight-unit apartment complex offering recently remodeled interiors.
- Generates approximately $115,200 in annual gross income with near-full occupancy.
- Represents a strong multifamily investment with an estimated 8% cap rate.
- Each unit consists of two bedrooms and one bathroom for practical layouts.
- Located near schools, shopping, and major transportation routes.
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 of 8.00%, 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 of 8.00%, 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 |
$162,444
|
$31.98
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$162,444
|
$31.98
|
| Taxes |
$17,922
|
$3.53
|
| Operating Expenses |
$11,845
|
$2.33
|
| Total Expenses |
$29,767
|
$5.86
|
| Net Operating Income |
$132,676
|
$26.12
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $162,444 |
| Annual Per SF | $31.98 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $162,444 |
| Annual Per SF | $31.98 |
| Taxes (CAD) | |
|---|---|
| Annual | $17,922 |
| Annual Per SF | $3.53 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $11,845 |
| Annual Per SF | $2.33 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $29,767 |
| Annual Per SF | $5.86 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $132,676 |
| Annual Per SF | $26.12 |
Property Facts
| Price | $1,620,205 CAD | Property Subtype | Apartment |
| Price Per Unit | $202,526 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 8.18% | 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 | $1,620,205 CAD |
| Price Per Unit | $202,526 CAD |
| Sale Type | Investment |
| Cap Rate | 8.18% |
| 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 |
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 058-373-006-000 | Total Assessment | $975,657 CAD (2025) |
| Land Assessment | $119,712 CAD (2025) | Annual Taxes | $17,922 CAD ($3.53 CAD/SF) |
| Improvements Assessment | $855,945 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
058-373-006-000
Land Assessment
$119,712 CAD (2025)
Improvements Assessment
$855,945 CAD (2025)
Total Assessment
$975,657 CAD (2025)
Annual Taxes
$17,922 CAD ($3.53 CAD/SF)
Tax Year
2024
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700 Blair Ave
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