2616 W Hillside Dr Anderson, CA 96007

This exceptional investment opportunity presents a well-maintained four-unit apartment building located at 2616 W Hillside Dr, Anderson, CA 96007. The property, built in 1980 and boasting recent renovations (2022-2024), offers a compelling combination of strong cash flow and future appreciation potential. The 4,000 square foot building sits on a spacious 14,810 square foot lot and is zoned R1. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $37,200, with a pro-forma NOI projected at $38,000. This translates to a current cap rate of 6.41% and a pro-forma cap rate of 6.55%, representing a strong return on investment. Each of the four units features two bedrooms and one bathroom, complete with in-unit washer/dryer hookups, private storage sheds, and private yards. Ample parking is provided with a four-car garage. The asking price is $580,000, or $145,000 per unit, representing a price per square foot of $145. This turnkey investment property offers a stable income stream in a desirable location, making it an ideal addition to any portfolio. The property is not subject to a ground lease.