MULTI-FAMILY BUILDING FOR SALE

306 S Church St, Ione, CA 95640

  • 15,800 Square Feet
  • Multifamily-Apartment
  • For Sale

Summary Description

Colliers International’s Central Valley Investment Team is proud to present the Church Street Apartments, located at 306 S. Church Street in the quaint city of Ione, at the base of the western Sierra Nevada foothills. The property has benefited from consistent, stable tenancy over the years. The complex consists of twenty contempo-rary apartment units in a garden style apartment layout. There are sixteen two bedroom, one bathroom units and four one bedroom, one bathroom units. The apartment complex has a large, lush central common area with a pool that really enhances the garden style living for the residents. Each tenant enjoys covered parking and onsite laundry.

Sale Note
PRICE PER UNIT: $74,750 PRICE PER SF: $93 RENTABLE SF: ±15,800 CURRENT CAP RATE: 6.33% PROFORMA CAP RATE: 9.59% CURRENT GRM: 8.48 PROFORMA GRM: 6.52

Price: $1,495,000.00

Lot Size: 30,056 Square Feet

Building Size: 15,800 Square Feet

Area Available: 15,800 Square Feet

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