Description:King City is a 55 and over apartment community that offers an investor the opportunity to purchase a great community with good amenities on over 8.5 acres. Residents have golf course access.

Price: $16,000,000

Status: In Contract

Unit: 196

Unit Mix: King City consists of (135) 1-bed 1-baths, (21) 2-bed 1-baths and (40) 2-bed 2-bath apartments.

Floors: 2-3

Patio/Deck: Yes

Cover Parking: 85 Carports, Assigned

Siding: Wood

Heat Type: Electric

Storage: Yes

Pool: King City Civic Assn.

Roof Type: Pitched Comp

Garages: 17Year Built: 1968

Building Size: 167608

Land Size: 8.55 Acres

Unit Price: 81683.0000

Price per SF: 96.2200

CAP Rate: 6.28%

GIM: 8.51

Rec Room: King City Civic Assn.

Fitness Center: King City Civic Assn.

Open Parking: Yes

Laundry Room: Yes

WD Hookup: Yes

Rental Office: Yes

On Site Manager: Yes