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306 S Minahen Street

Napa, CA 94559
  • $3,500,000
  • STATUS: Active
  • ON SITE: 13 Days
  • ID#: 322039863
UPDATED: 60 min ago
$3,500,000
  • 8
    BEDS
  • 0.74
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 4,960
    SQFT
  • $706
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1976
County:
Area:

School Ratings & Info

Description

A rare single-story, fully-remodeled apartment complex is available for sale in popular south Napa. The property includes 6 units, each offering 2 bedrooms, 1 bathroom, and private backyard patios. Close to downtown and popular shopping centers, this property offers easy access to Highway 29. While its location in south Napa makes for an easy commute, the property is tucked back off the main road down a private driveway. Each apartment unit was recently gutted and extensively remodeled with a new roof, new plumbing & electrical, beautiful new flooring, paint, appliances, and countertops. Large, front-facing windows provide bright, natural lighting that complement the cool tones used in the painting, flooring, and cabinetry. Each unit is like-new and almost fully occupied with one vacant unit. Tenants have signed one-year leases, and rents range from $2,600 to $2,750. The property offers a 4.3% Cap Rate (annual return on investment) when fully occupied with projected rent on vacant unit

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© 2022 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Marketplace. Data last updated: 2022-05-17T22:56:47.7.
www.mynorthbayhomesearch.com/homes/128320228
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306 S Minahen Street Napa, CA 94559

  • Price: $3,500,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 60 min ago
  • ID#: 322039863
8
Beds
4
Baths
0
½ Baths
0.74
Acres
4,960
SQFT
$706
$/SQFT
1976
Built
Neighborhood:
Napa
County:
Napa
Area:
Napa
Property Description
A rare single-story, fully-remodeled apartment complex is available for sale in popular south Napa. The property includes 6 units, each offering 2 bedrooms, 1 bathroom, and private backyard patios. Close to downtown and popular shopping centers, this property offers easy access to Highway 29. While its location in south Napa makes for an easy commute, the property is tucked back off the main road down a private driveway. Each apartment unit was recently gutted and extensively remodeled with a new roof, new plumbing & electrical, beautiful new flooring, paint, appliances, and countertops. Large, front-facing windows provide bright, natural lighting that complement the cool tones used in the painting, flooring, and cabinetry. Each unit is like-new and almost fully occupied with one vacant unit. Tenants have signed one-year leases, and rents range from $2,600 to $2,750. The property offers a 4.3% Cap Rate (annual return on investment) when fully occupied with projected rent on vacant unit
Exterior Features

Carport Spaces 0 Covered Spaces 0 Independent Parking Spaces 0 Lot Features Landscape Front Open Parking Spaces 0 Parking Features Uncovered Parking Total 12 Tandem Parking Spaces 0

Interior Features

1 Bedroom Units Total 0 2 Bedroom Units Total 6 3 Bedroom Units Total 0 4 Bedroom Units Total 0 Appliances DishwasherMicrowave Commercial Units Total 0 Cooling Wall Unit(S) Heating Other Laundry Features In Common Area Studio Units Total 0

Property Features

Association Fee 0 Association YN No Auction No Availability Date 1800-01-01T00:00:00 Gross Income 15895 Property Sub Type 5 Or More Units Property Type Residentialincome Sewer Public Sewer Subtype Description Apartments Water Source Public

Listing information © 2022 Bay Area Real Estate Information Services.
Listing courtesy of Michael Holcomb of Strong & Hayden.


© 2022 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Marketplace. Data last updated: 2022-05-17T22:56:47.7.
 
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