Multifamily Tax Credit
Rio Linda Manor (Senior LIHTC)
2671 Rio Linda Blvd, Sacramento, CA 95815
Listing Price: $6,000,000
Investment Overview
Marcus & Millichap is proud to present Rio Linda Manor located at 2671 Rio Linda Blvd in the Old North Sacramento community of Sacramento, CA. The subject is a 66-unit senior LIHTC apartment complex comprised of one 3-story building. Built in 1970 and rehabbed in 2009, the property is made up of 66 one-bedroom apartments at approximately 714 SF each.
Rio Linda Manor received a 4% tax credit funding allocation in 2007 through the California Tax Credit Allocating Committee (CTCAC) to perform an acquisition rehab, and it was Placed in Service (PIS) on July 13th, 2009. The CTCAC land use regulatory agreement (LURA) lasts 55 years and expires in 2064.
For more details, please enter the deal room and download the OM and due diligence materials. Thank you.
Exclusively Listed By
Listing Price: $6,000,000
Investment Highlights
- Year 15 Senior LIHTC Property.
- ProForma Cap Rate of 8.5% with 1-2 Projection
- $91,000 / Unit & 100% 1BR Unit Mix.
Investment Overview
Marcus & Millichap is proud to present Rio Linda Manor located at 2671 Rio Linda Blvd in the Old North Sacramento community of Sacramento, CA. The subject is a 66-unit senior LIHTC apartment complex comprised of one 3-story building. Built in 1970 and rehabbed in 2009, the property is made up of 66 one-bedroom apartments at approximately 714 SF each. Rio Linda Manor received a 4% tax credit funding allocation in 2007 through the California Tax Credit Allocating Committee (CTCAC) to perform an acquisition rehab, and it was Placed in Service (PIS) on July 13th, 2009. The CTCAC land use regulatory agreement (LURA) lasts 55 years and expires in 2064. For more details, please enter the deal room and download the OM and due diligence materials. Thank you.
Exclusively Listed By
