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
Listing courtesy of .