Napa, CA 94559,306 S Minahen ST
Listed by Michael Holcomb • Strong & Hayden
Bought with William Kampton • William Kampton

$3,350,000

Est. payment /mo

$3,400,000

1.5%
Est.Price: ?

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306 S Minahen ST Napa, CA 94559

2,222 Beds

4 Baths

4,960 SqFt

SOLD DATE : 10/12/2022

Key Details

Sold Price $3,350,000

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 4,960 sqft

Price per Sqft $675

MLS Listing ID 322039863

Sold Date 10/12/22

Bedrooms 2222

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1976

Lot Size 0.740 Acres

Property Sub-Type 5 or More Units

Property Description

A rare single-story, fully-remodeled apartment complex is available for sale in popular south Napa. The property includes 6 units, each offering 2 bedrooms, 1 bathroom, and large private backyards. Close to downtown and popular shopping centers, this property offers easy access to Highway 29. While its location in south Napa makes for an easy commute, the property is tucked back off the main road down a private driveway. Each apartment unit was recently gutted and extensively remodeled with a new roof, new plumbing & electrical, beautiful new flooring, paint, appliances, and countertops. Large, front-facing windows provide bright, natural lighting that complement the cool tones used in the painting, flooring, and cabinetry. Each unit is like-new and fully-occupied. Tenants have signed one-year leases, and rents range from $2,600 to $2,750. The property offers a 4.0% Cap Rate (annual return on investment).

Location

State CA

County Napa

Area Napa

Interior

Heating Other

Cooling Wall Unit(s)

Exterior

Parking Features Uncovered

Garage Spaces 12.0

Building

Sewer Public Sewer

Water Public

Construction Status Updated/Remodeled

Others

Special Listing Condition Offer As Is

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