Pinecrest Apartments

Address
2710-2745 Cooper Court
Napa, CA

Marketing Package (click here)

Summary
Price	$4,550,000
Number of Units	29
Cost Per Unit	$156,897
Current GRM	9.38
Current CAP	6.39%
Approximate Age	1971
Approximate Net RSF	29,250
Proposed Financing
First Loan Amount	$2,800,000 New, 30 Year Amortization

• Pinecrest Apartments is a centrally located complex of 29 units
  situated in 7 buildings on a 1.97 acre site with a dedicated street
  serving the property. Consisting of 28 large two bedroom/two
  bathroom units with private patios or balconies and a three bedroom
  two bathroom manager’s unit, the property is ideally suited to attract
  long term residents.

 

• Pinecrest’s 7 buildings are each 2 story garden-style buildings with 2
  private entrances above and 2 private entrances below. The
  apartments feature spacious 830 square foot floor plans with 2
  bedrooms, a guest and master bathroom. The large living room opens
  to either a balcony or patio. Each apartment has one assigned carport
  parking space, with the open parking on a first come first served
  basis. In addition, Pinecrest Apartments features a large remodeled
  coin operated laundry, swimming pool and sundeck for tenant
  enjoyment.