Description

Park McKinley, the crown gem of historic multi-family residences in Sacramento, is truly a unique, “one-of-a-kind”, pride of ownership apartment complex. The property is situated directly across from McKinley Park in a highly desirable East Sacramento neighborhood. This is a very special property that will appeal to investors seeking an outstanding property in a prime location for long-term preservation of wealth.

While the property stands on its own for its irreplaceable location and intrinsic quality, there are numerous ways to improve the performance and cash flow from the asset. There are a number of improvements that would lead to significantly higher rents. Washers and dryers could be installed in each unit. Kitchens could be upgraded to granite or other high-end materials. There is abundant space on the first level that could be converted into an ideal fitness center/community room. A roof deck would provide a spectacular outside space for residents to relax and enjoy the beautiful views. There is also the possibility of constructing an additional five units at the rear of the property.

East Sacramento is a charming, historical neighborhood located within minutes of downtown. McKinley Park, located directly across the street, is a favorite gathering place with a community center, swimming pool, lighted tennis courts, small lake, playground and beautiful rose garden. The area is so nice that Ronald Reagan choose to live there when he was governor of California.