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Community Realty

Eureka, CA 95501
Phone: 707-269-2400
Fax: 707-269-2410
Eureka@communityrealty.net

McKinleyville, CA 95519
Phone: 707-839-9093
Fax: 707-839-6989
McKinleyville@communityrealty.net



 
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$13,815,000 For Sale

115 Samoa Boulevard
Arcata, CA 95521

120 units | Multi Family Home
7.31 acres - MLS# 254378
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Description

These 120 units consists of Brookside Apartments, a 39 unit complex at current market rents & Meadowbrook Apartments, an 81 unit low income complex. These 2 complexes are being sold together as a package. They are situated on 7.3 pastoral acres in the Sunnybrae area of Arcata on 6 different parcels. There is a mix of 1, 2, 3 & 4-bedroom units throughout with 153 onsite parking spots and a short distance to shopping and bus stop. There is a low income HUD assumable loan on the 81-unit complex that requires a HUD qualified buyer to assume. On the grounds are a playground, community garden, basketball court, & laundry facilities. The sale is contingent upon seller being able to secure a property for a 1031 exchange.. Please do not go on to the property w/o a confirmed appointment

Features

  • Appearance: Very Good
  • Construction: Wood Frame
  • County/Area: Humboldt County
  • Driveway: Asphalt
  • High School: Arcata
  • Kitchen: Range, Refrig
  • Laundry: Coin Op
  • Listing Status: Active
  • Lot Description: Flat, Near Public Trans, Near Shopping, Pasture View
  • Lot Dimensions: irreg
  • Lot Size: 5 - 9.99 Acres
  • Parking: 21 Or More Spaces, On Site
  • Property Type: Multi Family Home
  • Road: Paved, Public
  • Roof: Composition Shingle
  • RV Parking: Room for RV Parking: Yes
  • Sewer: Public
  • Siding: Wood
  • Special Conditions: HUD Home
  • Stories: 2 Story
  • Style: Apartments
  • Sub Type: Multi Family
  • Sub-Area: Arcata
  • Total Units By Type: # 1 Bedroom Units: 55
  • Total Units By Type: # 2 Bedroom Units: 42
  • Total Units By Type: # 3 Bedroom Units: 7
  • Total Units By Type: # Full Baths: 144
  • Total Units By Type: # of Half Baths: 39
  • Total Units By Type: # of Heating Units: 120
  • Total Units By Type: # of Ranges: 120
  • Total Units By Type: # of Refrigerators: 120
  • Total Units By Type: Annual Gross Income: 1279956
  • Total Units By Type: GRM: 1079
  • Units: 120
  • Utilities: 110 Volts, Electric, Natural Gas
  • Water: Public
  • Year Built: 1973
  • Zip Code: 95521
  • Zoning: Multi-Family
  • View: Pasture

Thank you for visiting today. If this is your first visit, take your time and look around. We have plenty of information and resources available to you. If you are a return visitor, thank you. We would love to hear from you. We can serve all your real estate needs.

Thank you for visiting today. If this is your first visit, take your time and look around. We have plenty of information and resources available to you. If you are a return visitor, thank you. We would love to hear from you. We can serve all your real estate needs.

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