Skip to main content

Multifamily

Avanti Apartments

1507-1513 Alamo Dr, Vacaville, CA 95687

Listing Price: $9,700,000

Cap Rate
4.82%
Number of Units
38
Occupancy
100.0%
Price/Unit
$255,263
Price/Gross SF
$297.56
Gross SF
32,598

Investment Overview

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 May 2022. The offering benefits from a recent 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, replacement of many HVAC units, 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. Unit interiors are 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 and owner pays common area PG&E and water.

Investment Highlights

  • Turnkey asset with renovated exterior and interiors
  • Great exterior curb appeal, with attractive landscaping, new roof and new paint
  • Enticing pool, dedicated barbecue area, updated office and new laundry room
  • Strong unit mix with 37 two-bedroom/one-bath units and 1 three-bedroom/two-bath house
  • All 38 apartment interiors have been meticulously renovated in 2017 and 2018
  • Interiors boast new cabinetry, new quartz countertops, new paint and new flooring

Exclusively Listed By

Multifamily

Avanti Apartments

Listing Price: $9,700,000

Cap Rate
4.82%
Number of Units
38
Occupancy
100.0%
Price/Unit
$255,263
Price/Gross SF
$297.56
Gross SF
32,598

Investment Highlights

  • Turnkey asset with renovated exterior and interiors
  • Great exterior curb appeal, with attractive landscaping, new roof and new paint
  • Enticing pool, dedicated barbecue area, updated office and new laundry room
  • Strong unit mix with 37 two-bedroom/one-bath units and 1 three-bedroom/two-bath house
  • All 38 apartment interiors have been meticulously renovated in 2017 and 2018
  • Interiors boast new cabinetry, new quartz countertops, new paint and new flooring

Investment Overview

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 May 2022. The offering benefits from a recent 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, replacement of many HVAC units, 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. Unit interiors are 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 and owner pays common area PG&E and water.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower