This Multifamily Property is Off-Market.

4900 Marconi Avenue
Carmichael, CA 95608 ·

182 Units · Multifamily For Sale

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Westwood Apartments

Price N/A Cap Rate 6.68%
No. Units 182 Gross Rent Multiplier 8.26
Building Size 148,460 SF No. Stories 2
Property Type Multifamily Lot Size 7.60 AC
Property Sub-type Garden/Low-Rise Parking Ratio 1.24 / 1,000 SF
Property Use Type Investment
Listing ID: 13915500 Date Created: 05/05/2004 Last Updated: 02/15/2005

Description

This property has the most unique floor and site plan(s) in this submarket. The unit mix consists of studios and one, two and three bedroom units. 69% of the units are one bedroom. The property is gated, has two on-site laundry facilities, a new fitness center and leasing office in 29 total buildings. There is ample parking and storage available. The current owners have made recent upgrades. Phase 1 built in 1967. Phase 2 built in 1986.

Excellent Sacramento in-fill location surrounded by the areas largest employment centers such as McClellan Park (former AFB).

Highlights

  • PRICE REDUCTION!
  • Potential upside to rents
  • Ideal in-fill location
  • Excellent access to largest area employment centers
  • Recent Upgrades
  • Must assume existing financing

Research

4900 Marconi Avenue, Carmichael, CA 95608 (Sacramento County)

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