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Listed by 949-756-3232 - James Wardlaw - DRE #02061381 - Triqor Group 949-756-3232

$3,700,000

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927 Bruce Street Anaheim, CA 92804

Apartment Residence

Beds

Baths

7,579 Sq. Ft.

0.58 Acre Lot

Property Activity

Time on Site

days

Days on Market

Views

Saves

Last updated on 11/15/2024 9:13 PM

Listing Details

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! Continue reading

MLS#

PW24188324

Property Type

Apartment

Status

Active Under Contract

Year Built

1959

Square Feet

7,579 sq. ft

Lot Size

0.58