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22142187
22142188

4730 Marconi Ave, Carmichael, CA 95608

BN
Avalon Commercial, Inc
Listed by Avalon Commercial, Inc
$11,000,000
92 days on market
Updated 92 days ago

Marconi Meadows Apartments

Details
APN 271-0170-029
Property Type Multifamily
Sub Type Apartment Building
Square Footage 44,774
Net Rentable (SqFt) 44,774
Units 64
Cap Rate 6.12%
NOI $673,029
Occupancy 95%
Price per SqFt $246
Broker Co-Op Yes
Class B
Year Built 1958/1985
Year Renovated 2017-2026
Buildings 4
Stories 2
Acreage 2.080
Zoning RD-30
Parking Spaces 99 spaces
Parking Per SqFt 2.21
Investment Type Stabilized

64 Well-Maintained Apartment Homes

Marketing description

Marconi Meadows Apartments is a well-maintained one and two story apartment community with a highly desirable and balanced unit mix of 1BR (56%) and 2BR (44%) units. The property consists of 64 apartment homes with units ranging in size from 564 SF to 865 SF. Ownership continues to engage an active renovation program, including both interior and exterior improvements. Approximately 45 units at the property have been thoroughly renovated. . The asset offers new ownership a strong performing property with a desirable unit mix in an outstanding location with a reliable income and occupancy history. Constructed in two phases (24-units in the late 50’s and 40-units in the mid 80’s), Marconi Meadows is situated in Sacramento’s Carmichael submarket, a centralized area in the heart of the region.

Investment highlights

  • Active Improvement Program with 45 units Renovated

  • Strong Operating History

  • Well-balanced unit mix of 56% 1-bedrooms & 44% 2-bedrooms

  • Outstanding regional and submarket location

Listing Contacts

BN
Avalon Commercial, Inc
Listed by Avalon Commercial, Inc

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$673,029.00
$56,085.75/mo

Valuation Metrics

0
DSCR
6.12%
Cap Rate
6.12%
ROI

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Additional Information

Name
John Shaffer
License
CA 01862673
Brokerage
Avalon Commercial, Inc.
Brokerage Phone
530.415.6985
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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