Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire Smoke Tree Apartments, a 131-unit multifamily community located in Redding’s most desired ZIP code. This pride of ownership asset is superbly situated within steps of major retail hotspots, restaurants, and grocery stores. Smoke Tree Apartments sits on a 5.94-acre lot and is comprised of 30 one-bedroom/one-bathroom, 100 two-bedroom/one-bathroom, and 1 three-bedroom/one-bathroom units, all equipped with sizeable patios or balconies. Many of the units have seen light renovations, with the opportunity for upside for potential investors seeking to upgrade existing floorplans. Residents enjoy an on-site laundry facility, a basketball court, and a well-maintained pool and outdoor sitting area, all located in the center of the complex. The new owner also has the opportunity to fully utilize additional building space as a gym facility or recreation room. The property benefits from close proximity to the Sacramento River, parks, schools, and entertainment venues, all while having immediate access to Interstate 5 and State Route 44.