1. California
  2. Anderson
  3. 2980 Stingy Lane
$985,000

2980 Stingy Lane, Anderson, CA 96007

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1964
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

High-Cash-Flow 9-Unit Apartment Complex in Anderson, CA - 8.75%+ CAP Rate! This well-maintained 9-unit multifamily property in Anderson, CA, is a prime investment opportunity with an annual gross income of over $113,000 and a Profoma CAP rate exceeding 10.39% in as little as 2 years. The complex consists of eight 2-bedroom, 1-bath units, each featuring indoor laundry and private backyards, plus a spacious 3-bedroom, 1-bath unit. With plenty of room for upside potential on rents, this property offers an excellent opportunity for investors seeking strong cash flow and long-term appreciation. Conveniently located near local amenities and freeway access, this is a low-maintenance, high-performing asset that won't last long.

Listing Status:
Pending
Date Added:
February 17, 2025 at 06:00AM
Listing Office:
Realty 110, Inc. : 1 530-242-4114
Listing Agent:
Nick R Kerley :
MLS ID:
25-634

This listing courtesy of Nick R Kerley, Realty 110, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Meadow Lane Elementary School

2770 Balls Ferry Rd, Anderson, CA, 96007

Grades KG-5

0.31 miles away

N

North State Aspire Academy

1500 Spruce St, Anderson, CA, 96007

Grades KG-8

1.24 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.