
3833 Marconi Avenue
Turn-key 24 units with EV charging stations
Marketing description
Drexwell Commercial is pleased to present The Telegraph, a 24-unit Class B Multifamily with a diverse unit mix; made up of eighteen 1BD/1BA units, two 2BD/1BA, and four 3BD/1BA units. All units are equipped with in-unit washers and dryers. The Telegraph is located in Arden-Arcade between Watt and Eastern Ave just outside of the bustling Arden and Howe Bout Arden shopping district area and close to the border of the quieter Carmichael neighborhood. The property was built in 1960; however, it has undergone extensive renovations since 2017 and over the last few years. The extensive capital improvements consist of: 24 rehabbed units (14 of the units have high-end finishes), EV charging stations, newer HVAC units, upgraded kitchen appliances, new washer and dryer combo units, newer roof, upgraded dual pane windows, recently completed exterior paint, updated paving, newer security gate, and upgraded kitchen and bathroom cabinets, etc. Subject to inspection and further due diligence by the buyer.
Investment highlights
- Potential Attractive Assumable Loan Available: 3.46%, $2,700,000 loan, 6 years remaining
- Turn-key 24 units with EV charging stations
- Attractive Assumable Loan Available - 6 years remaining - Subject to Lender's Qualification
- 14 out of 24 Units Have High-End Finishes
- In-Unit Washer/Dryer
- Professionally Managed Since 2020
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