Average square foot calculated using Size range provided by listing agent.
Description
504 Angels Road presents an exceptional opportunity to acquire a fully occupied, income-generating 8-unit apartment complex in the heart of San Andreas, CA. The property is strategically located just minutes from downtown, local shopping, restaurants, and essential services - making it an ideal location for long-term tenants. With a strong rental history, consistent occupancy, and long-term residents in place, the complex provides investors with immediate, reliable cash flow and stability in a desirable market. This well-maintained property offers both security and growth potential. Recent upgrades to key systems have reduced maintenance costs, ensuring a low-maintenance investment, while below-market rents create a clear path for increased revenue and long-term value appreciation. With a current cap rate of 6.30% and NOI of $75, 588, this property is a turnkey opportunity that combines strong performance with upside potential, perfect for both seasoned investors and those looking to expand their multifamily portfolio in one of Calaveras County's most attractive rental markets.Show Description
MLS® Number225115649
Laundry LevelVaries by Unit
Central VacNo
FireplaceNo
Acreage0.32
Exterior
GarageNo
Approx. Age1964
Basement
DrivewayCovered, See Remarks
Garage Spaces
HeatWall Furnace
A/CWall Unit(s)
Heating Fuel
Extras
Similar Listings
Get notified of price or status changes by saving this listing