Multifamily
Walnut Crest Apartments
3217 Walnut Ave, Carmichael, CA 95608
Listing Price: $2,950,000
Investment Overview
The DeLoney Group at Marcus & Millichap is pleased to offer for sale the Walnut Crest Apartments located in Carmichael, CA. The asset is assembled as 5 fourplex style buildings on a single parcel each with the same 2BD 1BA floorplan in every building. A swimming pool is provided for residents at the far western corner of the property.
The existing rent roll suggests about 10% upside in the rents with the property as-is. The Carmichael submarket suggests potentially additional upside with interior and exterior upgrades to the property.
Exclusively Listed By
Listing Price: $2,950,000
Investment Highlights
- Positive leverage opportunity in 20-unit Carmichael, CA community
- One building (4 units) upgraded in recent years
- Swimming pool and on-site laundry amenities
Investment Overview
The DeLoney Group at Marcus & Millichap is pleased to offer for sale the Walnut Crest Apartments located in Carmichael, CA. The asset is assembled as 5 fourplex style buildings on a single parcel each with the same 2BD 1BA floorplan in every building. A swimming pool is provided for residents at the far western corner of the property. The existing rent roll suggests about 10% upside in the rents with the property as-is. The Carmichael submarket suggests potentially additional upside with interior and exterior upgrades to the property.
Exclusively Listed By
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