$10,200,000
Sold
1.23 acres | #220024909SD
Listing OfficeNorthMarq Multifamily
Browse 2 photos
Type:Purchase
Structure:Commercial
Zone:Commercial

Description

ASSUMABLE FINANCING AT 2.92%. Market 6.53% Cap Rate. Birch Terrace is a 48-unit apartment building located in the community of La Presa in Spring Valley. The 35,618 square feet of structures were built in 1984 on a 53,579 square foot lot. The property has strong unit mix of one 3 Bedroom / 1.5 Bath unit, thirty-one 2 Bedroom / 1 Bath units and sixteen 1 Bedroom / 1 Bath units. There are 71+ covered and surface parking spaces. The property features common laundry facilities, additional storage units, and a double garage. The units are spacious and feature dishwashers and A/C units.

Location

SparrowLily Realty, Inc.Real Estate Group