10245 Mills Station Road, Rancho Cordova, CA 95670; Multifamily Properties For Sale; A-1 in Sacramento County
Multifamily Property For Sale
~Exceptionally Upgraded Building with 96 Percent Spacious Two-Bedroom/One-Bathroom Units
~Well-Located in the Second Largest Major Employment Center in Sacramento County
~New TPO Roof, High-Efficiency Boilers and Parking Lot
~Stabilized Asset with Value Add Management Upside
~Five Minute Walk to Light Rail Station and the New Folsom College Campus
~One Mile to Sacramento Veterans Affairs Medical Center, Franchise Tax Board and National Retailers
~Indoor Sparkling Swimming Pool with Quiet Courtyard Community Feel
~Central Heat and Air-Conditioning with Upgraded Interior Windows
La Posada Apartments is an exceptionally maintained 28-unit apartment building in Rancho Cordova, California, Sacramento Counties’ second largest employment center. The property is conveniently located within walking distance to the Metrolink Light Rail Station, and the upcoming brand new Folsom Lake College Campus. Furthermore, Rancho Cordova is home to 10 million square feet of Class A office space and several national tenant retailers. The area benefits from numerous jobs, retailers, and several ongoing city projects which benefit future investors and tenants.
Future investors will appreciate a clearly stabilized Rancho Cordova market, with upside in both rents and sales prices. The market has exceeded expectations with positive rent growth and decreased vacancy, as well as experienced a rebound in price appreciation. For an investor who prefers stable value-add with management upside, La Posada Apartments represents a strong yield opportunity. Ranch Cordova remains one of the few remaining stable value add opportunities in Sacramento County with a strong employment base.