Description

The Shasta Apartments represent an opportunity for an investor to buy an asset that has a great unit mix, year built and highly desirable location. With current rents at about 71% of market rate, a future owner can also increase cash flow simply by raising rents each year and at each lease turn can reset market rents. Located north of interstate 8, the Shasta apartments are uniquely located near Mission Trails and Lake Murray. The studio units are so large and functional that an owner can also adjust their configuration to represent a 1 bedroom unit with ease.

Features

• 0.4 Acres
• 2 Stories
• Number of Units: 11
• Price Per Unit: 309091
• SqFt of Improvement: 6339