The Pinza Group is proud to be selected as the exclusive agent in the sale of the Heritage Apartments in Vacaville, CA. Built in 1945 and boasting a unique unit mix of 24 studios, one 2bd/1bth, and one 2bd/2bth, the property presents a unique opportunity for a new or seasoned investor to purchase a well maintained property with high in place rents in a quiet residential location in Vacaville. The Heritage Apartments boast onsite, coin operated laundry, a sparkling pool with common area, a management office, and a tranquil setting. Further, the property has ample parking, sits on a corner of a quiet intersection, and has many improvements that can be made by the next owner including but not limited to implementing increased utility pass throughs to tenants, a full solar program, or charging for extra parking or storage. The offering of the Heritage Apartments provides a new owner a strong going in CAP rate of 7.75%, for a prime like complex, in a strategical location.
The Heritage Apartments location makes it ideal for tenant commuters to blend an easy work commute with a short drive to many of California's top destination spots like the Napa and Sonoma Wine Countries, thereby allowing a high-quality lifestyle which is close to all local attractions, freeways, shopping, and dining. These tenant benefits should ensure continued high occupancy, strong demand, and further rent growth at the property for a new owner.
EMAIL STEVEN PINZA, ESQ. FOR A COMPLETE MARKETING PACKAGE AND PRIVATE TOUR
