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Multifamily

1199 Melton Dr

1199 Melton Dr, Yuba City, CA 95991

Listing Price: $905,000

Cap Rate
4.66%
Number of Units
5
Occupancy
97.0%
Price/Unit
$181,000
Price/Gross SF
$153.29
Gross SF
5,904

Investment Overview

Marcus & Millichap is pleased to exclusively present 1199 Melton Drive, an attractive five-unit apartment building constructed in 1985 located in the growing city of Yuba City, California. Each unit is comprised of two bedrooms and 1.5 bathrooms in townhome-style two-story units with larger floorplans than average.

Investment Highlights

  • Five-unit apartment building built in 1985 located in the growing city of Yuba City, California. Each unit is comprised of two bedrooms and 1.5 bathrooms in townhome-style two-story units.
  • The property offers a unique value-add opportunity that's been proven by ownership in one of California's hottest growth markets. Roughly 40 percent of the unit interiors have been upgraded.
  • The new owner will benefit from a building that is currently under market from its direct neighbors within a rental market that has continued to tighten.

Exclusively Listed By

Multifamily

1199 Melton Dr

Listing Price: $905,000

Cap Rate
4.66%
Number of Units
5
Occupancy
97.0%
Price/Unit
$181,000
Price/Gross SF
$153.29
Gross SF
5,904

Investment Highlights

  • Five-unit apartment building built in 1985 located in the growing city of Yuba City, California. Each unit is comprised of two bedrooms and 1.5 bathrooms in townhome-style two-story units.
  • The property offers a unique value-add opportunity that's been proven by ownership in one of California's hottest growth markets. Roughly 40 percent of the unit interiors have been upgraded.
  • The new owner will benefit from a building that is currently under market from its direct neighbors within a rental market that has continued to tighten.

Investment Overview

Marcus & Millichap is pleased to exclusively present 1199 Melton Drive, an attractive five-unit apartment building constructed in 1985 located in the growing city of Yuba City, California. Each unit is comprised of two bedrooms and 1.5 bathrooms in townhome-style two-story units with larger floorplans than average.

Exclusively Listed By

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