Bought with Stephen Lampe • Re/Max Commercial & Investment
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Key Details
Sold Price $4,100,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 17,980 sqft
Price per Sqft $228
MLS Listing ID CRSB22160945
Sold Date 03/14/23
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1966
Lot Size 0.803 Acres
Property Description
Assumable financing at 3.60% - CALL for details! The Slalom Apartments (3668 Spruce Ave & 3665 Willow Ave) is a 31 unit apartment complex consisting of 2 two story wood-frame buildings on 2 contiguous street to street parcels totaling .80 acre (34,979 SF). Building 1 is 15 units located at 3668 Spruce Avenue and has 15 one bedroom, one bath units of similar size and layout. This building was constructed in 1966 and is master metered with all utilities (gas, electric, water- sewer) included in the rent. The stoves in these units are a combination of electric and gas with gas wall heaters. Building 2 was built in 1971 and has a total of 16 one bedroom, one bath units located at 3665 Willow Avenue. This is an all electric building, but the utilities are separately metered with the tenants paying for the electricity usage within their units and for all appliances, hot water heaters, and electric wall heaters. The property went through a major upgrade of the unit interiors within the past few years with 90% of the units appointed with hard wood flooring, new counter tops, tile and new interior finishes. There is paved parking that has 40 stalls. Tenants are on leases or rental agreements and are employed in the hotel, resort and hospitality industries as well as a variety of local bus
Location
State CA
County El Dorado
Interior
Fireplace No
Laundry Other
Building
Lot Description Other
Water Public
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