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Park Palace Apartments 16193 H St

81 Unit Block of Flats £3,274,350 (£40,424/Unit) 5.42% Net Initial Yield Mojave, CA 93501

Investment Highlights

  • IRS Section 42 LIHTC Restricted. Built in 2007 With Extended Use Restrictions on Regulatory Agreement for 55 Years.
  • Excellent Unit Make Up With 40-Two-Bedrooms, 33-Three-Bedrooms, and 8-Four-Bedrooms
  • Unique Opportunity to Purchase 81 Units of 2007 Construction At well below construction costs

Data Room Click Here to Access

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
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 (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £3,274,350 Building Class B
Price Per Unit £40,424 Lot Size 6.03 AC
Sale Type Investment Building Size 118,596 SF
Net Initial Yield 5.42% Average Occupancy 100%
No. Units 81 Number of Floors 2
Property Type Residential Year Built 2007
Property Subtype Apartment Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style Garden
Price £3,274,350
Price Per Unit £40,424
Sale Type Investment
Net Initial Yield 5.42%
No. Units 81
Property Type Residential
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 6.03 AC
Building Size 118,596 SF
Average Occupancy 100%
Number of Floors 2
Year Built 2007
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Heating
  • Refrigerator
  • Range
  • Wheelchair Accessible (Rooms)

Site Amenities

  • Fitness Centre
  • Laundry Facilities
  • Playground

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+2 41 - 902
3+2 32 - 1,136
4+2 8 - 1,336
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PROPERTY TAXES

Parcel Number 236-480-10-00-8 Total Assessment £7,365,981 (2024)
Land Assessment £253,653 (2024) Annual Taxes -£1 (£0.00/sf)
Improvements Assessment £7,112,328 (2024) Tax Year 2023

PROPERTY TAXES

Parcel Number
236-480-10-00-8
Land Assessment
£253,653 (2024)
Improvements Assessment
£7,112,328 (2024)
Total Assessment
£7,365,981 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023

zoning

Zoning Code R-2
R-2
(916) 724-1285

  • Listing ID: 33272495

  • Date on Market: 23/09/2024

  • Last Updated:

  • Address: 16193 H St, Mojave, CA 93501

The Residential Property at 16193 H St, Mojave, CA 93501 is currently available For Sale. Contact Marcus and Millichap Investment Services for more information.

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© 2024 CoStar Group

Park Palace Apartments | 16193 H St
(916) 724-1285 x

Park Palace Apartments | 16193 H St

Isaak Heitzeberg

(916) 724-1285

(916) 724-1285

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