927 S Bruce ST Save Request In-Person Tour Request Virtual Tour
Anaheim,CA 92804
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision ,Anaheim
MLS Listing ID PW24188324
HOA Y/N No
Year Built 1959
Lot Size 0.576 Acres
Property Description
We are pleased to present the investment opportunity of the Stonecrest Villas, a single story garden style, 14 unit apartment community situated in the picturesque West Anaheim. This property boasts three immaculately maintained buildings with abundant parking and stunning landscaping that creates a spacious and inviting environment. The majority of the apartments feature one bedrooms and include a patio, large mirrored closets, and wall air conditioning and heating units. Each building has its own water heater for added convenience and plenty of hot water. Additionally, approximately 50% of the units have been recently upgraded, adding even more value to the property. The Stonecrest Villas has consistently generated strong cash flow for the seller and presents a unique opportunity for an investor to acquire a well maintained asset with tremendous potential for an estimated 30% increase in rental income. By maximizing this potential, investors can expect to achieve a compelling 7% cap rate based on market rents. Don’t miss out on this outstanding investment opportunity!
Location
State CA
County Orange
Area 79 - Anaheim West Of Harbor
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 16.0
Garage Description 16.0
Pool None
Community Features Sidewalks
Total Parking Spaces 28
Private Pool No
Building
Lot Description Rectangular Lot
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 12729214
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard