Skip To Content
    Return to Previous Page

    283 Heather Court

    Templeton, CA 93465
    • $6,800,000
    • STATUS: Active
    • ON SITE: 22 days
    • ID#: NS20183810
    UPDATED: 31 min ago
    $6,800,000
    • 0
      BEDS
    • 2.76
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 24,252
      SQFT
    • $280
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1988
    County:

    School Ratings & Info

    Description

    The property is designed as a 40 unit 55+ apartment complex (circa 1988) contiguous to a skilled care nursing center. Ideally located one block away from Twin Cities Hospital this property is improved with 10 single-story apartment buildings, a small clubhouse and three laundry facilities all situated among a professionally landscaped open space and central walkway. Trust sale asking $6,800,000 which is only $270,000 per sqft or $170,000. 38 units are leased, one unit is being held vacant though we have a tenant that would like to move in and the last unit is occupied by the on-site manager. Hurry on this one!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-30T00:29:16.173. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/110775200
    Print Image

    283 Heather Court Templeton, CA 93465

    • Price: $6,800,000
    • Status: Active
    • Updated: 31 min ago
    • ID#: NS20183810
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.76
    Acres
    24,252
    SQFT
    $280
    $/SQFT
    1988
    Built
    Neighborhood:
    Tempwest(100)
    County:
    San Luis Obispo
    Area:
    TTON - Templeton
    Property Description
    The property is designed as a 40 unit 55+ apartment complex (circa 1988) contiguous to a skilled care nursing center. Ideally located one block away from Twin Cities Hospital this property is improved with 10 single-story apartment buildings, a small clubhouse and three laundry facilities all situated among a professionally landscaped open space and central walkway. Trust sale asking $6,800,000 which is only $270,000 per sqft or $170,000. 38 units are leased, one unit is being held vacant though we have a tenant that would like to move in and the last unit is occupied by the on-site manager. Hurry on this one!
    Exterior Features

    Carport Spaces 40.00 Garage Spaces 40.00 Lot Features 11-15 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features CarportCircular DrivewayAsphalt Parking Total 93.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Uncovered Spaces 13.00

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common WallNo One Above Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes Laundry Features Common Area Levels One

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.30 Community Features Sidewalks Country Us Elevation Units Feet Gross Income 45720.00 Gross Multiplier 13.49 Gross Operating Income 521208.00 Gross Scheduled Income 548640.00 Insurance Expense 17800.00 Land Lease YN No Laundry YN Yes Net Operating Income 30147.50 New Construction YN No New Taxes Expense 74800.00 Number Of Separate Electric Meters 40 Number Of Separate Gas Meters 40 Number Of Separate Water Meters 1 Number With Dishwasher 40 Number With Patio 40 Number With Range 40 Number With Refrigerator 40 Operating Expense 156362.00 Operating Expense Percent 30.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN Yes Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Tempwest(100) Tenant Pays ElectricityGasTelephone Total Expenses 261.67 Trash Expense 4083.30 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance 27432 Vacancy Allowance Rate 5.00 Water Source Public Year Built Source Seller Zoning Op

    Listing provided courtesy of Paul Shannon of Pacifica Commercial Realty and Corban Holland of Pacifica Commercial Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-30T00:29:16.173. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

     
    Logo
    Keller Williams Realty
    ,