7061 Madison Ave
Fair Oaks, CA 95628
Coyle Creek Commons · Multifamily Property For Sale · 48 Units

Marcus & Millichap is pleased to present Coyle Creek Commons Apartments, a beautiful 48-unit apartment community located in the desirable Sacramento suburb of Fair Oaks. The community offers a single floor plan, a spacious 940 square-foot, two-bedroom two-bath apartment. The community has been updated with double pane windows, new balconies and patios, fresh paint and new landscaping. Select interiors have received granite countertops, plank wood flooring, crown molding, new cabinets and more. Most units will feature a combination of upgrades. The property was constructed in 1976. Original construction included individual hot water heaters, which has made a modern retrofit with washer and dryers a clear value-add strategy. Presently 42 of the 48 units are equipped with in-suite laundry. The remaining 6 residents utilize a separate laundry facility which shares space with a recently introduced gym workout area. If the new owner chooses to equip all units with in-suite laundry, the additional space in the laundry building opens up numerous possibilities for amenity enhancement. Residents are treated to a lush, private interior courtyard that has a barbeque area and swimming pool. The back portion of the property features a natural, wooded area with a creek that pet owners enjoy. The new owner will inherit a stable, well-managed operation with light value-add opportunities if they choose to pursue them. The Sacramento MSA continues to receive national attention for lack of new construction, healthy job growth and subsequent rent growth. This apartment community is situated in a unique location within a desirable sub-market with an enviable unit mix; the right investor will recognize the core strengths and opportunities for growth that make this an attractive investment. Please do not disturb management. All tours must be scheduled through the listing agent. See the virtual tour link for a floor plan preview.