Investment Overview

Napa Elm Townhomes is an 11-unit townhome property located four blocks south of downtown Napa, CA. Each unit is a two-story 2-Bdr / 1.5-Bath townhome with attached garage and private backyard. The property is mid-renovation with approved remodel plans, but the permits have expired. The building interiors are in varying states of demolition, i.e., flooring, cabinetry, appliances, plumbing fixtures, etc., have been removed, as well as some areas of sheetrock. The plans call for newly reconfigured kitchens with removal of a non load bearing wall to open the kitchen up into the living area. Otherwise the layouts remain essentially the same. All electrical wiring and plumbing remains in place and the units are ready for new flooring, fixtures, paint and finishes. New roofs, exterior paint, windows, doors, and new landscaping would complete the project. There are laundry hookups in the garages and each unit has an individual water heater and furnace. Estimated project costs include new kitchens, bathrooms, appliances, lighting, fixtures & finishes, flooring, windows, doors, interior & exterior paint, roofs, and mechanical replacements where needed. Napa Elm Townhomes provides a unique opportunity for a value-add investor to complete this heavy remodel and come out the other side with a highly desirable property in an excellent location in the heart of Napa.