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475 Spring St
Nevada City, CA 95959

$2,050,000 USD

Apartments For Sale • 13,244 SF

Property Details

Property Type Apartments
Total Building Size 9,200 SF
Lot Size 1.48 AC
Building Class C
Year Built 1964

0 Transit Score

80 Walk Score

                
                    Highlights
                
                                Rare Opportunity To Acquire A Well-Located Apartment Community In One Of Northern California’s Most Desirable And Supply-Constrained Foothill Markets.
                            
                                Offered At A 7.12% Current Cap Rate With Stable In-Place Income And Consistent Rental Demand In The Nevada City / Grass Valley Submarket.
                            
                                Strong Average Rents With The Opportunity To Increase Revenue Through Natural Tenant Turnover And Modest Unit Improvements.
                            
                                Balanced Unit Mix Consisting Of One-Bedroom And Two-Bedroom Units Appealing To A Wide Range Of Renters Including Individuals, Couples, And Families
                            
                                Limited New Construction Supports Long-Term Rent Growth.

Amenities

Air Conditioning
Heating
Kitchen
Refrigerator
Oven
Range
Tub/Shower

Spencer Moyer 858-922-4181 ALIVE Commercial Real Estate

475 Spring St Nevada City, CA 95959

$2,050,000 USD

Property Details

Highlights

Amenities

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475 Spring St
Nevada City, CA 95959