3430-3448 Freedom Park Drive, North Highlands, CA 95660; Multifamily Properties For Sale; A-1 in Sacramento County

3430-3448 Freedom Park Drive, North Highlands, CA 95660; Multifamily Properties For Sale; A-1 in Sacramento County


3430-3448 Freedom Park Drive, North Highlands, CA 95660; Multifamily Properties For Sale; A-1 in Sacramento County

Multifamily Property For Sale

Price:
$7,995,000
No. Units:
143
Building Size:
91,230 SF
Price/Unit:
$55,909.09
Lot Size:
5 AC
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment

Description

143-unit multifamily community located in North Highlands, California. Freedom Park, completed in 1973, is situated on two parcels and includes 136 one bedroom, one bath apartment homes, 7 two bedroom, one bath apartment homes and 2 three bedroom, one bath apartment homes. Separate Parcels constitute potential subdivision and land development.
Freedom Park Apartments encompasses approximately five acres and consists of eight residential buildings representing a density of 57.20 units per acre. Well designed and nicely appointed floor plans include one, two and three bedroom/one bath apartment homes averaging approximately 636 square feet. Over the past 18 months, the owner has invested over $400,000 in capital improvements. Capital improvements include building exterior repair and upgrades, exterior paint, security lighting, new basketball court, all upper decks have been resurfaced, remodeled laundry rooms with new equipment, swimming pools VGB compliant, new perimeter ornamental iron fencing, remodeled office and model unit.

PROXIMITY TO MAJOR EMPLOYMENT CENTER
Freedom Park Apartments is located minutes from the largest economic development and infill reuse project in Northern California, McClellan Business Park. McClellan Air Force Base was decommissioned and in 2003 was converted in McClellan Business Park, a master planned community consisting of more than 8,000 million square feet of industrial, R&D, office, aviation and mixed-use facilities. McClellan Business Park currently employs approximately 10,500 employees. The Sacramento County Economic Development Department projects that this total will eventually rise to 35,000.

CENTRAL SACRAMENTO LOCATION
Freedom Park Apartments is located 2.5 miles from the Interstate 80 on-ramp. Providing residents quick and convenient access to major employers located in Downtown Sacramento or Roseville. Due to its central location, residents have access to the local employers within North Highlands as well as all the major job centers extending in both directions along Interstate 80.

2a

2c

2b

 

2d

2e  2f 2g

2h 2i 2j