This Residential Property is no longer advertised on LoopNet.co.uk.
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 Mix Information
Description
No. Units
Avg. Rent.Mo
SF
1+1
16
£715.00
656
2+1
48
£860.00
900
PROPERTY TAXES
Parcel Number
003-250-021-000
Improvements Assessment
£2,290,476
Land Assessment
£56,025
Total Assessment
£2,346,501