9230 Kiefer Boulevard, Sacramento, CA 95826; Multifamily Properties For Sale; A-1 in Sacramento County
Multifamily Property For Sale
NEW TO THE MARKET – TURN KEY MANAGEMENT IN PLACE
The Retreat Apartments is comprised of 64 units. All units have been recently renovated with a capital infusion of over $250,000. Property is priced to sell at a REAL CAP RATE of 6.9% (NOT PROFORMA). At only $59,375/unit, this property is a bargain and priced well below replacement cost. The property consists of 25 two bedroom/one bath units; 35 one bedroom/one bath units and 4 studios. The Retreat Apartments is gated, offers covered parking to all tenants, stays full and shows very well. Easy property to operate with excellent management in place. Chase Bank has underwritten the property on its actual income and actual expenses and will loan 75% LTV to a new buyer showing strong financials. Seller WILL NOT carry any financing. Do not contact on-site manager or disturb tenants. PROPERTY WILL BE SHOWN BY APPOINTMENT ONLY. BRING ALL OFFERS!
THE RETREAT APARTMENTS is located in the beautiful Rosemont area of Sacramento between Watt Avenue and Bradshaw Road at 9230 Kiefer Boulevard. Property has easy access to Highway 50 and close proximity to schools, restaurants, shopping, medical facilities and churches. Sacramento State University is only minutes away.