8805 E 12th Ave

Property Description

VILLAS AT GAGE POINTE

• 7 Studios, 75 One-Bedroom Units
• Well-Maintained and Professionally Managed
• Multiple Recent Capital Expenditure Improvements (Security Cameras & Gates, Parking Lots, Roofs, Boilers, etc.)
• Individually Metered for Electric
• Ample Parking
• Onsite Manager

Property/Area Details

• Total Building Size: 46,728 SF
• Year Built: 1973
• Property Taxes (2021): $56,903 ($694/Unit)
• Total Site Size: 1.66 Acres
• Total Units: 82
• Price Per Unit: $175,000
• Cap Rate (Actual): 4.37%
• Cap Rate (Proforma): 5.67%