3217 Walnut Ave - Apartments FOR SALE


Carmichael, CA 95608
$2,950,000 USD
916-833-8346
3217 Walnut Ave, Carmichael, CA for Sale
$2,950,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

3217 Walnut Ave
Carmichael, CA 95608


HIGHLIGHTS

  • Positive leverage opportunity in 20-unit Carmichael, CA community
  • One building (4 units) upgraded in recent years
  • Swimming pool and on-site laundry amenities

OVERVIEW

The DeLoney Group at Marcus & Millichap is pleased to offer for sale the Walnut Crest Apartments located in Carmichael, CA. The asset is assembled as 5 fourplex style buildings on a single parcel each with the same 2BD 1BA floorplan in every building. A swimming pool is provided for residents at the far western corner of the property. The existing rent roll suggests about 10% upside in the rents with the property as-is. The Carmichael submarket suggests potentially additional upside with interior and exterior upgrades to the property. Visit www.SacAptPortfolio.com for more information, and to access Offering Memorandum and Deal Room. This is a court-supervised sale and will be subject to court approval before it is allowed to close. Sale procedures information is available.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$150 USD /SF

# OF UNITS

16

PRICE/UNIT

$184,375

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walnut Crest Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

RD-30

APN/PARCEL ID

271-0313-030

ASK ABOUT THIS PROPERTY

Tony DeLoneyMarcus & MillichapMore Info
916-833-8346

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Tony DeLoneyMarcus & MillichapMore Info
916-833-8346

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.