10680 Coloma Road, Rancho Cordova, CA 95670; Multifamily Properties For Sold; A-1 in Sacramento County

Property Type: Multifamily
Property Sub-Type – Garden/Low-Rise
Sale Date : 05/31/2013
No.Units: 160
Building Size: 104,980 SF
Lot Size: 2.92 Acres
Sale Price: $6,400,000
Year Built : 1974

Property Description

Park Knoll Apartments is an attractive 160 unit garden-style apartment complex in Rancho Cordova, an incorporated city, approximately fifteen miles from downtown Sacramento. With an asking price of only $43,719 per unit and the ability to assume a seasoned loan with a relatively low down payment of just 23%, this offering represents an outstanding opportunity to acquire a mid-size apartment complex in a quickly recovering market at a price far below replacement cost.