1507-1513 Alamo Dr
Vacaville, CA 95687
Impeccable, Fully Renovated, with Cash Flow · Multifamily Property For Sale · 38 Units

PROPERTY TOUR: Friday, February 9th, at 11:00AM-12:30PM. For the complete Offering Memorandum, contact the exclusive listing agent, Jon Holmquist. The attractive Avanti Apartment Homes offering consists of a fully renovated thirty-eight unit apartment community, situated in a prime location in Vacaville, California. The property's tenants benefit from easy access to Highway 80, and a near equidistant commute to either Sacramento or Bay Area job centers. As a result of the stellar location, the complex is fully leased as of February 1st, 2018. The offering benefits from a top-to-bottom total renovation including 100% of the unit interiors, as well as a total exterior make-over in 2017 and 2018 with all new pitched composite roofs, new paint, new siding, new patios, new landscaping, renovated common area office, renovated pool area, newly redone laundry room, and new slurry seal on the parking lot. The Avanti Apartment Homes boasts a large 1.73-acre site with well-manicured landscaping and great curb appeal. Per property records, the complex is of 1967 construction and is situated on two separate and adjacent parcels. The first parcel located at 1507 Alamo Drive, Vacaville, CA contains two buildings with eleven total units. The parcel contains a front building with a large three-bedroom/two-bath house and a second building to the rear with ten additional two-bedroom/one-bath apartment homes. The second parcel located at 1513 Alamo Drive, Vacaville, CA is configured with four separate apartment buildings and a leasing office. The buildings at 1513 Alamo Drive are designed with thirteen single level, cottage style two-bedroom/two-bath apartment home layouts to the front, a pool, laundry, and office area towards the middle of the property, and fourteen apartment homes located in a two-story building to the rear of the property. Eighteen of the ground floor apartments have private patios, and there is a wonderful lap pool and barbecue area to the center of the property for tenant outdoor enjoyment of the fantastic Vacaville weather and sun. Avanti Apartment Homes offers artful decadence to its residents with large living areas, central heating and air conditioning, chef-worthy kitchens, and a surprising abundance of storage space. Each and every unit interior is in impeccable condition and completely renovated with high-end interior finishes. All units benefit from a full kitchen remodel which includes new cabinets, new quartz countertops, new stainless-steel appliances including gas range stoves and a dishwasher. The balance of the interiors have new carpet and flooring, new refreshing ceiling fans, newly remodeled bathrooms, and new lighting and fixtures. The complex is separately metered for PG&E with a RUBS program implemented, and owner pays common area PG&E and water.