Property Detail

Description

Prime Net Lease Inc. is pleased to offer 200 E. Wakefield Ave. in the desirablecommunity of Anaheim. The subject property was completely renovated in2021-2022 and is in excellent condition. 200 E. Wakefield Ave. offers the newowner a turnkey, low-maintenance asset with immediate cash flow. The propertyfeatures a unique unit mix with units 3, 4, and 5 Bedroom units. Average unit size is 1550 SF with a low cost per square foot of $346. There areindividual enclosed single car garages for each unit at the rear of the building.Over 10% upside in rents exists through annual increases. The apartmentbuilding is conveniently located in Anaheim, California, offering easy access to avariety of amenities and attractions. Residents can enjoy proximity to shoppingcenters, restaurants, entertainment venues, and recreational facilities, ensuringa vibrant and fulfilling lifestyle. Disneyland Resort and the AnaheimConvention Center are both less than 5 minutes away. Property is listed at a true 5.35% Cap rate and 14.00 GRM. All units are currently occupied. Rent range from $2625 to $4095. Please contact agent for details.