Investment Details
A spacious 64-unit apartment complex with first class amenities, the Oak Crest Apartment community offers an investor a property that is well occupied. The mix of studio, 1 and 2 bedroom recently renovated apartments attract various tenants.
The property is located in the Sacramento sub-market of Arden Arcade. With ease of access to Interstate 80 and being only ten minutes from downtown Sacramento and 20 minutes from Roseville, this central location is perfect for an apartment community.
Gated access community
New appliances
Sparkling pool
Highly motivated seller
High occupancy - remaining vacancy will lead to NOI growth upon lease-up
We'd love to tell you more about our experience with this property. For more information please contact Bob Clippinger at bob@cip-inc.com.
Investment Stats
-53.12%
Return on Investment
-4.14%
Annual Return on Investment
2X
Annual Rate of Return
$100K
Minimum Down
Property Details
Property Type
Multi-Family
# of Units
Target Hold Time
10 Years+
Total Square Footage
45,350
Target Cash Investment
Status
INVESTMENT EXITED & EXCHANGED
Property Location
2229 Edison Ave, Sacramento, CA 95821, USA