Great deal on Apartment complex in Sacramento!
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Jenny Wood
Jul 10, 2009, 3:55:50 PM7/10/09
to Jenny Wood
I have a exclusive line on an apartment complex in Sacramento that is for sale but not yet listed.
This is a great investment at $5.2M (Negotiable!) for anyone wanting to expand their investments or break into the Sacramento market where prices are great and it's definitely a buyer's market.
Contact me ASAP if you want to take a closer look at this great opportunity! I've got the pro-forma.
The 72-unit complex consists of 18 4-unit buildings, right behind Arden Mall, a great job source. It is close to bus lines and within 6 miles of downtown and 10 miles of other major employment areas, including the airport and industrial sites.
Recent renovations include:
New 20-year roofs on 12 buildings
All buildings newly insulated
All buildings now with energy efficient windows
3 buildings have complete renovations - new HVAC, sliding doors to patio/deck, new drainage, landscape, paint.
Rents range from 695 - 740 on most units, 800 on newly renovated units.
Apts have a full-time on-site manager.The loan on the property is assumable but with 30% down. And the apts are B or B- grade.
This is a great investment at $5.2M (Negotiable!) for anyone wanting to expand their investments or break into the Sacramento market where prices are great and it's definitely a buyer's market.
Contact me ASAP if you want to take a closer look at this great opportunity! I've got the pro-forma.
The 72-unit complex consists of 18 4-unit buildings, right behind Arden Mall, a great job source. It is close to bus lines and within 6 miles of downtown and 10 miles of other major employment areas, including the airport and industrial sites.
Recent renovations include:
New 20-year roofs on 12 buildings
All buildings newly insulated
All buildings now with energy efficient windows
3 buildings have complete renovations - new HVAC, sliding doors to patio/deck, new drainage, landscape, paint.
Rents range from 695 - 740 on most units, 800 on newly renovated units.
Apts have a full-time on-site manager.The loan on the property is assumable but with 30% down. And the apts are B or B- grade.
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