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7047 Norman Rd 8 Unit Apartment Building $1,272,923 CAD ($159,115 CAD/Unit) 7.09% Cap Rate Princeton, CA 95970
Executive Summary
8-unit residential portfolio in Princeton, California. The property consists of eight individual single family houses on one 40,000 square foot lot, totaling approximately 6,300 square feet of living space.
Unit mix: three 3-bedroom, 1-bath houses and five 2-bedroom, 1-bath houses.
Currently fully rented at $8,800 per month in combined rent. Connected to city water and city sewer. Several units have been remodeled, and several have newer roofs.
Asking price: $895,000. Seller financing available with a decent down payment.
Unit mix: three 3-bedroom, 1-bath houses and five 2-bedroom, 1-bath houses.
Currently fully rented at $8,800 per month in combined rent. Connected to city water and city sewer. Several units have been remodeled, and several have newer roofs.
Asking price: $895,000. Seller financing available with a decent down payment.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,272,923 CAD | Apartment Style | Garden |
| Price Per Unit | $159,115 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.85 AC |
| Cap Rate | 7.09% | Building Size | 6,400 SF |
| Gross Rent Multiplier | 8.47 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1955/2017 |
| Property Subtype | Apartment | ||
| Zoning | R5 - Residential Multiple-Single | ||
| Price | $1,272,923 CAD |
| Price Per Unit | $159,115 CAD |
| Sale Type | Investment |
| Cap Rate | 7.09% |
| Gross Rent Multiplier | 8.47 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.85 AC |
| Building Size | 6,400 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1955/2017 |
| Zoning | R5 - Residential Multiple-Single |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | 800 |
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
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Presented by
George Boeger
7047 Norman Rd
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