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Multifamily Tax Credit

Rio Linda Manor (Senior LIHTC)

2671 Rio Linda Blvd, Sacramento, CA 95815

Listing Price: $5,600,000

Cap Rate
5.02%
Number of Units
66
GRM
8.67
Price/Unit
$84,848
Price/Gross SF
$118.76
Gross SF
47,152

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. The Tax Credit Compliance Period (TCCP) Expired in Jan 2024.

For more details, please enter the deal room and download the OM and due diligence materials. Thank you.

Investment Highlights

  • $3M in Assumable Soft-Debt Liability at 4.00% Interest Rate
  • ProForma Cap Rate of 10.58% Based on TCAC Max Allowable Rents
  • Attractive, Long-term Price-per-Unit of $85,000 in Sacramento, CA

Exclusively Listed By

Multifamily Tax Credit

Rio Linda Manor (Senior LIHTC)

Listing Price: $5,600,000

Cap Rate
5.02%
Number of Units
66
GRM
8.67
Price/Unit
$84,848
Price/Gross SF
$118.76
Gross SF
47,152

Investment Highlights

  • $3M in Assumable Soft-Debt Liability at 4.00% Interest Rate
  • ProForma Cap Rate of 10.58% Based on TCAC Max Allowable Rents
  • Attractive, Long-term Price-per-Unit of $85,000 in Sacramento, CA

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. The Tax Credit Compliance Period (TCCP) Expired in Jan 2024. For more details, please enter the deal room and download the OM and due diligence materials. Thank you.

Exclusively Listed By

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