The property offers an unparalleled investment opportunity in Davis, California, a highly desirable and supply-constrained market. This newly completed, 72-unit Class A apartment complex, finished in May 2024, is already 100% leased with a waiting list, reflecting the strong demand for high-end housing. The lease-up period was remarkably swift, taking just five months to fully occupy the property.
The complex includes 13 spacious 2-bed/2-bath units, 50 well-appointed 1-bed/1-bath units, and 9 beautiful 1-bedroom loft units, offering a variety of options for residents. Each unit features 9-foot ceilings, full-size stainless steel appliances, quartz countertops, smart home integration, and private patios or balconies, making them ideal for modern living. The four distinct floor plans, ranging from 611 to 946 square feet, are designed to suit diverse lifestyles, from young professionals to students to small families.
With strong occupancy, high demand, and significant future growth in the neighborhood, this property is poised to deliver both short-term cash flow and long-term appreciation. Opportunities like this are rare in Davis, making The Marco at The Cannery a must-see for serious investors.