Property Detail

Description

www.503winslow.com; 6-unit apartment complex spread across a fourplex and a duplex with water views and strong cash flow. The current cap rate is 6.37% and GRM is 11.28. The property is 100% occupied and offers an attractive unit mix of five 2bd/1bth units and one 1bd/1bth unit. The property was originally built in 1908, offers approximately 3,465 square feet of rental space, and sits on a 5,000 square foot lot with room for off street parking. The property has been well maintained and is separately metered for water in the duplex and separate PG&E meters across all units providing for low annual operating expenses. The units have been remodeled over time and offer upgraded electrical with a new main panel, upgraded wiring, and new breakers 10 years ago, in-unit washer/dryer hook-ups, in-unit water heaters, and a variety of other upgrades. The is an excellent Crockett location with water views only a few blocks to all the restaurants and shopping in Downtown Crockett. This location provides easy access to a variety of outdoor activities and HWY80 making this an attractive location that's always in high demand.