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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!
Last Updated | 9/10/2024 | Tract | ,Anaheim |
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Year Built | 1959 | Community | Anaheim West of Harbor |
Garage Spaces | 16.0 | County | Orange |
Additional Details
AREA | Anaheim West of Harbor |
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GARAGE | Yes |
LOT | 0.58 acre(s) |
LOT DESCRIPTION | Rectangular Lot |
POOL DESCRIPTION | None |
SEWER | Public Sewer |
STORIES | 1 |
SUBDIVISION | ,Anaheim |
WATER | Public |
Location
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