Property summary
This exceptional investment opportunity presents a recently upgraded eight-unit apartment building situated on a 0.8-acre lot in Arcata, California, at 1210 and 1215 Hallen Drive, zip code 95521. The property boasts a total square footage of 8,100 square feet and comprises eight two-story units. Each unit offers two bedrooms and one and a half bathrooms, along with the added convenience of a private backyard. Residents enjoy on-site laundry facilities and ample parking. The property's excellent location provides convenient access to California Polytechnic State University, Humboldt (Cal Poly Humboldt), local amenities, and public transportation. The well-maintained condition of the building, combined with the potential for additional unit development on the sizable lot, makes this a highly attractive investment prospect. The asking price for this prime real estate is $1,550,000. This property is classified as both commercial and multifamily, offering a diverse range of investment possibilities. The property's strong rental history and prime location in Arcata, CA, make it an ideal investment for those seeking a stable and potentially high-yielding asset.
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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