This property is Off-Market

7747 Greenback Lane
Citrus Heights, CA 95610 ·

88 Units · Multifamily For Sale

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Oak Creek Village

Price N/A Commission Split 2%
No. Units 88 Cap Rate 6.51%
Building Size 72,846 SF No. Stories 2
Property Type Multifamily Year Built 1990
Property Sub-type Garden/Low-Rise APN / Parcel ID 243-0060-048
Property Use Type Investment
Listing ID: 15805082 Date Created: 07/16/2008 Last Updated: 03/09/2009

Description

Oak Creek Village, a secluded spacious 88 apartment unit complex with recreational facilities, lush landscaping and natural creek located in an abundant oak tree setting affords tenants the ability to enjoy the tranquility of a resort like complex while being adjacent to a diversified group of retail, office and service entities. Each individual unit is equipped with all electric appliances, including frost free refrigerators with ice makers, self cleaning ovens, microwaves, dishwashers, pantries, window coverings, tile entries, central heating and air conditioning, individual hot water heaters, and a private patio or balcony. Selected units feature wood burning fireplaces and vaulted ceilings, walk in closets, and ceiling fans. The complex includes covered parking with additional garages, sparkling pool and spa, BBQ area, 24 hour fitness facility, courtyard, 1200 square foot clubhouse with kitchen and lounge area, controlled access, and a poolside BBQ.

Property Conveniently Located on Greenback Lane, Tucked Away Behind Neighboring Office Buildings Creating a Quiet and Peaceful Setting

Oak Creek Village Apartments is located in Citrus Heights, California. Citrus Heights was established as a city in 1997, with an ongoing commitment to providing high-quality, economical, responsive services to the local community, the city is well-positioned for future commercial redevelopment, neighborhood enhancements, and positive changes. Citrus Heights is home to a
bustling retail and service industry. Sunrise Mall, newly remodeled with over 100 stores, including major department and specialty stores (Macy's, Sears, JC Penney's, etc.), is located in the center of the city, along with the Sunrise MarketPlace a growing retail community offering a wide variety of retail, dining, and service establishments (Barnes & Noble, Target Greatland, Best
Buy, Lowe's Home Improvement, etc.). Citrus Heights also features major discount retail stores such as Costco, Sam's Club, and Wal-Mart. The city is centrally located between Interstate 80, Interstate 5, Highway 50, and U.S Highway 99 making the entire Sacramento region easily accessible to Oak Creek Villages' residents.

Highlights

  • Price Reduced by $800,000
  • 5.71% Fixed Rate Assumable $5.9M Loan Due 2017
  • Walking Distance to 2M SF of Retail
  • Apartment Homes with Washer/Dryer
  • Private Gated Community
  • Improved Operations with New Management

Research

7747 Greenback Lane, Citrus Heights, CA 95610 (Sacramento County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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