The DeLoney Group is pleased to offer for sale Magnolia Court Apartments in Sacramento, California. This 64-unit property was constructed in 1963 and has seen many upgrades in the past few years. 42 of the 64 units have been recently remodeled which includes in-suite laundry, upgraded countertops, hardware, lighting, flooring and appliances. The average rent in place today at Magnolia Court is $1551/mo. Assuming the remainder of the unrenovated units get upgraded and the next owner collapses all embedded loss-to-lease, there's 7.6% upside in income pro forma. With most of the heavy lifting addressed by the current owner, the new purchaser will inherit a stable operation with continued operational upside and a product that will continue to remain in demand and functionally competitive with its large floor plans, central HVAC and in-suite laundry. Do not disturb management. All tours must be coordinated with listing agent present.