Olympic Way Town Homes is a six (6) unit multifamily property located within the strong rental market of Foothill Farms. The Town Home style units comprised of all 2B/1.5B offer approximately 1,152 SF Two-Story floor plans with each unit featuring washer/dryer hook-ups, private patios, individual water heaters, Central HVAC, and separately metered electrical/gas meters.
The Town Homes also obtain strong market rents between $1,095 - $1,295 per unit with room to increase rents to the highest rented unit. Three (3) Tenants were given notice to increase rent commencing March 2018 and those increases are still below market.
Each unit has been upgraded with kitchen counters, flooring, paint, and more . The ownership also installed all dual pane windows plus a recent layover and stripe of the parking lot.
Sacramento is one of the strongest real estate markets in the country and continues to experience price and rental increases. The increases are due to factors such as employment growth and migration from the Bay Area as people are fleeing the extremely high cost of living. Investors desire Sacramento because of its strong rents and cap rates that allow investors to make an actual return on investment.
The subject property is located within the strong rental market of Foothill Farms which is in close proximity to Elkhorn Shopping Center which features anchored commercial amenities. It is also easily accessible from the Interstate I80.
