#24-4892, Kelly Campbell, Listing Office: Waterman Real Estate
Property details
About 1557-1597 Bruce Dr
40 Unit apartment complex for sale in Anderson CA. 10 structures on two parcels housing 9 - one bedroom one bath, 24 - two bedroom one bath, 6 - three bedroom one bath and a 3 bedroom one bath managers unit with separate office. On site laundry. Seasonally operated pool. Owner owned solar feeding mangers unit and laundry. 100% occupied with current gross monthly income of $35,660 ($427,920 yr), Approx. annual expenses of $179,000 presents a cap rate of 6.20%. Currently 60% of rents are below market rate. Once to market rental rate, gross income would exceed $500,000 yr. Some of the interiors have been remodeled and capital improvement on carports recently started. Great location across from public ball field/park, close to shopping and public transportation.
Highlights
Summary
- MLS Number: 24-4057
- MLS Name: Shasta Association of REALTORS®
- Office Name: Better Homes Gardens Real Estate - Results
- Office Phone: (530) 949-4895
- Office Email: richardhowe67@gmail.com
- Listing Agent: Richard A Howe
The listings on this site are displayed courtesy of the IDX program of Shasta Association of REALTORS and may not be the listings of the site owner. All information is deemed reliable but not guaranteed. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 3:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$4,000,000
1557-1597 Bruce Dr
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Price information
Property sales
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Tax history
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Nearby schools
4
Anderson Heights Elementary School
Public District KG-5
0.4 mi
•1530 Spruce St
5
Meadow Lane Elementary School
Public District KG-5
1.3 mi
•2770 Balls Ferry Rd
7
Prairie Elementary School
Public District KG-3
3.0 mi
•20981 Dersch Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $32,955. Typical income of Anderson, CA residents is less than $<35k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
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Frequently asked questions
About 1557-1597 Bruce Dr
This home is located at 1557-1597 Bruce Dr in Anderson, CA and zip code 96007. Features: 0 bathroom. It has been listed on Rocket Homes since September 20, 2024 and is currently priced at $4,000,000.
In February 2025, from all listings sold in Anderson, CA there were more than 1 sold above asking price, over 9 sold below and more than 3 were sold right at the asked price. Between January and February 2025, Anderson, CA real estate market has seen decrease in the number of listings by 4.4%. In February 2025, listings were on the market for 109 days. During the same period, the median list price in this real estate market was $312,000.