10501 Croetto Way, Rancho Cordova, CA 95670; Multifamily Properties For Sale; A-1 in Sacramento County
Multifamily Property For Sale
Puerta Villa is an expertly renovated 93-unit apartment complex located in Rancho Cordova, California, an established suburb immediately east of the state capitol of Sacramento. The current owners spent over $1,300,000 on recent capital expenditures that will increase the appeal to prospective residents and decrease expenses for ownership.
The beautiful interiors have granite countertops, new carpeting and simulated wood flooring, new bathrooms with tile surrounds, new air conditioners, new dual pane windows and much more. The exteriors have new pitched composition roofs, new paint, new low-maintenance landscaping and retaining walls, new signage, etc. The attractive pool area has been resurfaced, the pool re-plastered, and new patio furnishings and fencing have been added. As a result rents have increased and occupancy is high.
The complex is available as part of a portfolio offering that includes Puerta Villa West, a 44-unit complex located directly across the street. A buyer has the unique opportunity of purchasing a total of 137 units in this offering, thereby gaining the unique advantage of significant control over the neighborhood.
Puerta Villa is located in the heart of the Rancho Cordova submarket in Sacramento County (population of 234,000 within a 5 mile radius). The location affords residents easy access to shopping, entertainment and grocery stores. Regional transit is easily accessible, with bus lines, a light rail station and Highway 50 freeway access all less than a mile away. Los Rios Community College District is currently constructing three buildings for a new Rancho Cordova campus as a satellite to Folsom Lake College. The site is a mile to the southeast and is scheduled to open in the Fall of 2015. Phase 1 of the construction will include nine classrooms and 2,500 students per semester.