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310 E McDowell Ave
Alturas, CA 96101

Alturas Gardens · Residential Property For Sale · 64 Units

Investment Highlights

  • 64-unit 100% HUD HAP Contract; Section eight(8) project based
  • Can save property taxes by bringing non-profit aboard
  • 6% in-place cap rate
  • Stable and predictable income and cash flow backed by the full faith and credit of the United States Government-HUD
  • Very low cost per unit
  • Excellent collection records and turn key operation

PROPERTY FACTS

No. Units 64
Property Type Residential
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 4.11 AC
Building Size 49,824 SF
Average Occupancy 98%
Number of Floors 2
Year Built 1974

Unit Amenities

  • Heating
  • Kitchen
  • Oven
  • Range

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 16 £715.00 656
2+1 48 £860.00 900

PROPERTY TAXES

zoning

Zoning Code C-1
  • Listing ID: 25272548

  • Date on Market: 17/03/2022

  • Last Updated:

  • Address: 310 E McDowell Ave, Alturas, CA 96101