10401 Rockingham Dr, Rancho Cordova, CA 95670; Multifamily Properties For Sale; A-1 in Sacramento County

10401 Rockingham Dr, Rancho Cordova, CA 95670; Multifamily Properties For Sale; A-1 in Sacramento County


10401 Rockingham Dr, Rancho Cordova, CA 95670; Multifamily Properties For Sale; A-1 in Sacramento County

Multifamily Property For Sale

Price:
$5,950,000
No. Units:
88
Building Size:
59,850 SF
Price/Unit:
$67,613.64
Lot Size:
3.19 AC
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment

 

Description

Rose Glen Apartments encompasses approximately 3.19 acres and consists of nine residential buildings representing a density of 27.58 units per acre. Well designed and nicely appointed floor plans include studios, one, two and three bedroom/one bath apartment homes averaging approximately 680 square feet.
This is an offering of a 100% fee simple interest in Rose Glen Apartments, an 88 unit apartment community located at 10401 Rockingham Drive in Rancho Cordova, California. This multi-family asset offers substantial value-add upside by exercising the opportunity to raise rents and bringing them to current market rates. (With a strong local rental market, and vacancy rates average 3%, upward leasing rates can be expected to continue well into the future.)
Rose Glen Apartments provide an investor a unique opportunity to acquire a well-maintained property with the opportunity to increase income and value over time with improvements and operational efficiencies. There is strong demand in the Class C rental market along with limited planned multifamily development, enables a new owner to benefit from near term rent growth

Rose Glen is centrally located a short drive to US Route 50, Hwy 99 and I-80 providing residents quick and convenient access to major employers located in Downtown Sacramento and other employers in the surrounding area. Rancho Cordova’ s ideal location provides access to many major destinations including San Francisco, Lake Tahoe and Napa Valley.
Rancho Cordova is home to several Fortune 500 companies and many diverse small businesses. It is close to five convenient light rail stations and home to the Mather Commerce Center and Airport. From attractive topography to strong employment and a bright future, Rancho Cordova has all of the essential ingredients for a healthy, growing community.
Location Highlights
·ð Conveniently located near schools, parks and retail shopping.
·ð Close to major tourist destinations including San Francisco, Lake Tahoe, Napa Valley and the Historic Gold Country.
·ð Transportation/Rail Access Public Transportation services are readily available. Sacramento Regional Transit system covers the Rancho Cordova area and Amtrak is located 0.4 miles from the city center.
·ð Sacramento International airport is only 17 miles away

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