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Multifamily

Riverbank Villas

1617-1625 Riverbank Rd, West Sacramento, CA 95605

Listing Price: $1,999,000

Cap Rate
6.25%
Number of Units
12
Price/Unit
$166,583

Investment Overview

Riverbank Villas is a stunning 12-unit with 3 non-conforming unit apartment investment opportunity located in the coveted city of West Sacramento. Situated on a parcel of land totaling 17,859 square feet, the subject property has a gross building area of approximately 5,000 square feet, offering its tenants beautifully designed one-bedroom and two-bedroom ??oor plans. Adjacent to the subject property, 528 Solano St is a parcel of land totaling 7,405 square feet that can be sold to potential investors for an additional $125,000. In addition, the subject property allows for the potential to convert all non-conforming units into ADUs, while the adjacent lot allows for investors to add new detached ADUs.   The subject property is ideally located, providing tenants with convenient access to Interstate 80 and Interstate 5. Tenants also have access to major employers in the area such as Amazon, Intel, Kaiser Permanente, Sutter Health, Aerojet Rocketdyne, Sutter Health Hospital, Dignity Health, The State of California, and many others. Sacramento is the sixth-largest city in California and the 35th largest city in the United States. Sacramento has also been described as one of the top rental markets not only in California but across the nation and was ranked #1 Hottest Housing Market of 2021 by Realtor.com. This has mostly been driven by transplants from the San Francisco Bay Area to the region in combination with strong job growth in the area. Riverbank Villas offers investors an excellent opportunity to capitalize on a strong demand for multifamily units supported by strong economic fundamentals in the Sacramento region. The investment appeal of this asset is driven by Sacramento’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of West Sacramento, Riverbank Villas presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

Investment Highlights

  • Exceptional West Sacramento Investment Opportunity - Investors have the Opportunity to Acquire a Multifamily Asset in West Sacramento
  • Tremendous Value Add Opportunity - All Non-Conforming Units Have the Potential to be Converted into ADUs while the Vacant Lot Allows for New Detached ADUs to be Built
  • Potential Investors Have the Option to Purchase an Additional Vacant Lot Adjacent to the Subject Property for $125,000

Exclusively Listed By

Listing Price: $1,999,000

Cap Rate
6.25%
Number of Units
12
Price/Unit
$166,583

Investment Highlights

  • Exceptional West Sacramento Investment Opportunity - Investors have the Opportunity to Acquire a Multifamily Asset in West Sacramento
  • Tremendous Value Add Opportunity - All Non-Conforming Units Have the Potential to be Converted into ADUs while the Vacant Lot Allows for New Detached ADUs to be Built
  • Potential Investors Have the Option to Purchase an Additional Vacant Lot Adjacent to the Subject Property for $125,000

Investment Overview

Riverbank Villas is a stunning 12-unit with 3 non-conforming unit apartment investment opportunity located in the coveted city of West Sacramento. Situated on a parcel of land totaling 17,859 square feet, the subject property has a gross building area of approximately 5,000 square feet, offering its tenants beautifully designed one-bedroom and two-bedroom ??oor plans. Adjacent to the subject property, 528 Solano St is a parcel of land totaling 7,405 square feet that can be sold to potential investors for an additional $125,000. In addition, the subject property allows for the potential to convert all non-conforming units into ADUs, while the adjacent lot allows for investors to add new detached ADUs.   The subject property is ideally located, providing tenants with convenient access to Interstate 80 and Interstate 5. Tenants also have access to major employers in the area such as Amazon, Intel, Kaiser Permanente, Sutter Health, Aerojet Rocketdyne, Sutter Health Hospital, Dignity Health, The State of California, and many others. Sacramento is the sixth-largest city in California and the 35th largest city in the United States. Sacramento has also been described as one of the top rental markets not only in California but across the nation and was ranked #1 Hottest Housing Market of 2021 by Realtor.com. This has mostly been driven by transplants from the San Francisco Bay Area to the region in combination with strong job growth in the area. Riverbank Villas offers investors an excellent opportunity to capitalize on a strong demand for multifamily units supported by strong economic fundamentals in the Sacramento region. The investment appeal of this asset is driven by Sacramento’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of West Sacramento, Riverbank Villas presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

Exclusively Listed By

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