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Multifamily

Carmichael Apartments

5800 Engle Rd, Carmichael, CA 95608

Listing Price: $7,155,000

Cap Rate
6.53%
Number of Units
53
GRM
7.47
Occupancy
95.0%
Price/Unit
$135,000

Investment Overview

The DeLoney Group at Marcus & Millichap is pleased to offer Carmichael Apartments for sale as a value-add opportunity in Carmichael, California. The property features a variety of floorplans, complete with exterior access hallways and architectural accents unique to the 1960s. Residents are treated to on-site laundry facilities, private courtyard swimming pools and off-street parking.

With some updates to both the interior and exterior, Carmichael Apartments is a classic value-add opportunity to the investor who will value the 1960s bones of the property and match that with modern upgrades.

Investment Highlights

  • Value-add opportunity
  • Swimming pools and on-site laundry amenities
  • Located inside the boundaries of the Carmichael Improvement District providing services to property owners and beautifying the Fair Oaks Blvd corridor.

Exclusively Listed By

Multifamily

Carmichael Apartments

Listing Price: $7,155,000

Cap Rate
6.53%
Number of Units
53
GRM
7.47
Occupancy
95.0%
Price/Unit
$135,000

Investment Highlights

  • Value-add opportunity
  • Swimming pools and on-site laundry amenities
  • Located inside the boundaries of the Carmichael Improvement District providing services to property owners and beautifying the Fair Oaks Blvd corridor.

Investment Overview

The DeLoney Group at Marcus & Millichap is pleased to offer Carmichael Apartments for sale as a value-add opportunity in Carmichael, California. The property features a variety of floorplans, complete with exterior access hallways and architectural accents unique to the 1960s. Residents are treated to on-site laundry facilities, private courtyard swimming pools and off-street parking. With some updates to both the interior and exterior, Carmichael Apartments is a classic value-add opportunity to the investor who will value the 1960s bones of the property and match that with modern upgrades.

Exclusively Listed By

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