Multifamily

Antelope Springs

3739 Black Eagle Dr, Antelope, CA 95843

Listing Price: $4,750,000

Cap Rate
5.01%
Number of Units
21
GRM
12.74
Occupancy
95.71%
Price/Unit
$226,190
Price/Gross SF
$194.67
Gross SF
24,400

Investment Overview

Marcus & Millichap is proud to present Antelope Springs Townhomes, a 21-unit apartment community located in Antelope, California built in 2004. The property features an enviable unit mix, consisting of twenty two-bedroom/two-and-one-half-bathroom townhomes, and one one-bedroom/one-bathroom unit. The interiors of the units feature highly desirable finishes and amenities including, but not limited to, granite countertops, upstairs balconies, downstairs patios, vinyl plank flooring, gas fireplaces, stackable washer/dryer units, direct access garages, central HVAC, stainless steel appliances, as well as outdoor utility closets.

The next investor to own Antelope Springs Townhomes will inherit a stable operation with the opportunity to raise rents to current market levels.

New apartment communities in the Sacramento region remain sparse, and the imbalance between supply and demand favors income growth. The coupling of strong regional fundamentals and stable operations makes this offering highly attractive in today's marketplace.

Potential offerors are encouraged to tour the site with the listing agents, and submit offers to purchase. All tours must be scheduled with the listing agents. Please do not disturb tenants or management.

Investment Highlights

  • Large Two-Bedroom Townhouses Built in 2004
  • Each Townhouse Equipped with Direct Access Garage and Laundry
  • Each Unit Features Both a Downstairs Patio and Upstairs Balcony
  • Controlled Access to Parking Lot with 23 Additional Surface Spaces
  • 21st Unit is Converted Standalone Office One-Bedroom Unit

Exclusively Listed By

Listing Price: $4,750,000

Cap Rate
5.01%
Number of Units
21
GRM
12.74
Occupancy
95.71%
Price/Unit
$226,190
Price/Gross SF
$194.67
Gross SF
24,400

Investment Highlights

  • Large Two-Bedroom Townhouses Built in 2004
  • Each Townhouse Equipped with Direct Access Garage and Laundry
  • Each Unit Features Both a Downstairs Patio and Upstairs Balcony
  • Controlled Access to Parking Lot with 23 Additional Surface Spaces
  • 21st Unit is Converted Standalone Office One-Bedroom Unit

Investment Overview

Marcus & Millichap is proud to present Antelope Springs Townhomes, a 21-unit apartment community located in Antelope, California built in 2004. The property features an enviable unit mix, consisting of twenty two-bedroom/two-and-one-half-bathroom townhomes, and one one-bedroom/one-bathroom unit. The interiors of the units feature highly desirable finishes and amenities including, but not limited to, granite countertops, upstairs balconies, downstairs patios, vinyl plank flooring, gas fireplaces, stackable washer/dryer units, direct access garages, central HVAC, stainless steel appliances, as well as outdoor utility closets.

The next investor to own Antelope Springs Townhomes will inherit a stable operation with the opportunity to raise rents to current market levels.

New apartment communities in the Sacramento region remain sparse, and the imbalance between supply and demand favors income growth. The coupling of strong regional fundamentals and stable operations makes this offering highly attractive in today's marketplace.

Potential offerors are encouraged to tour the site with the listing agents, and submit offers to purchase. All tours must be scheduled with the listing agents. Please do not disturb tenants or management.

Exclusively Listed By

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