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$29,000,000
Est. payment /mo
77,203 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 77,203 sqft
Price per Sqft $375
MLS Listing ID CRCV25261976
HOA Y/N No
Year Built 1986
Lot Size 6.560 Acres
Acres 6.56
Property Sub-Type Other
Property Description
We are proud to exclusively present North Woods Apartments, a unique 98-unit multifamily community located at 23925 Eucalyptus Avenue, Moreno Valley. North Woods Apartments is a turnkey asset and a compelling investment offering the potential for strong day one returns. The offering provides a significant financial advantage with an assumable fixed-rate loan in place through 2031, allowing an investor to lock in stable, long-term debt. This is a top producing property with in-place rents already near market value, establishing a strong financial foundation with a current cap rate of 6.04%, a current GRM of 9.76, and a current total cash return of 9.57%. The property, built in 1986, consists of 28 buildings with a total building size of approximately 77,203 square feet, situated on an expansive approximately 285,754 square foot lot. The community offers a favorable unit mix with an average unit size of approximately 789 square feet. All units are well-appointed, featuring amenities such as central air and heat, a private patio/ balcony, hardwood floors, large closets, and a dishwasher, with select units also featuring a washer/dryer hookup. North Woods Apartments is a pride of ownership community offering an array of attractive common area features including a pool, courtyard, lau
Location
State CA
County Riverside
Interior
Heating Other
Cooling Central Air
Fireplace No
Laundry Other
Building
New Construction No
Others
Tax ID 296092031
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Listed by Eric Chen • CB RICHARD ELLIS
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