Investment Overview

Parkwood Square Apartments is an entirely single-story apartment community comprising 105 units located in the unincorporated Sacramento County submarket of Arden-Arcade. The property is situated on 2 parcels and according to county tax records was constructed in two phases having completed in 1960 and 1973. Like Red Robin Apartments, residents at Parkwood Square enjoy a unique atmosphere almost indistinguishable from the single-family homes surrounding the property in all directions. Large grassy areas with picnic tables between the buildings accentuate the suburban appeal topped off by a swimming pool near the leasing office for Sacramento's hot summer days. Parkwood Square is currently encumbered by a $9,100,000 loan initiated in November of 2020 for a term of 120 months charging a fixed rate of 2.99% interest-only payments for the entire term. The loan is assumable and represents very attractive rates and terms compared to the new debt available today. Loan docs are available in the virtual deal room to review. The residents of Parkwood Square Apartments enjoy one of Sacramento's most convenient locations in terms of access to shopping, jobs, and services. Whether residents commute downtown or work in the plethora of service industry jobs surrounding Arden Fair Mall and Cal Expo, access to Business 80 and Interstate 80 is convenient.