Bought with William Kampton • William Kampton
$3,350,000
$3,400,000
1.5%For more information regarding the value of a property, please contact us for a free consultation.
306 S Minahen ST Napa, CA 94559
2,222 Beds
4 Baths
4,960 SqFt
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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