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Multifamily

Redwood Manor

5445 Marconi Ave, Carmichael, CA 95608

Listing Price: $1,360,000

Cap Rate
4.47%
Number of Units
8
Occupancy
100.0%
Price/Unit
$170,000
Price/Gross SF
$238.60
Gross SF
5,700

Investment Overview

Marcus & Millichap is pleased to present Redwood Manor, a charming eight-unit apartment building located in Carmichael, California. The property has exclusively One-Bedroom /One-Bathroom units with six of the units featuring either a balcony, patio, or a very large backyard. Every resident enjoys an peaceful courtyard like setting as an entrance to their unit. Every unit also possesses one off-street, assigned parking spot. Residents are attracted to Carmichael because of it's easy access to retailers, recreation in the American Parkway, and access to some of the best schools in the Sacramento region. The community is also a short commute to Downtown Sacramento, the regions top employment hub. As suburbanization trends continue and Americans move out of larger cities, Redwood Manor and Carmichael are positioned well to capture Bay Area residents moving east in search of affordability while still enjoying close proximity urban to amenities, world class recreational activities, and within driving distance to Silicon Valley. Please do not disturb management or tenants. All tours must be scheduled with the listing agents.

Investment Highlights

  • Charming - Pride of Ownership Property
  • Located in the Heart of Highly Desirable Carmichael
  • Recent Capital Improvements - Proven Value-Add Opportunity

Exclusively Listed By

Listing Price: $1,360,000

Cap Rate
4.47%
Number of Units
8
Occupancy
100.0%
Price/Unit
$170,000
Price/Gross SF
$238.60
Gross SF
5,700

Investment Highlights

  • Charming - Pride of Ownership Property
  • Located in the Heart of Highly Desirable Carmichael
  • Recent Capital Improvements - Proven Value-Add Opportunity

Investment Overview

Marcus & Millichap is pleased to present Redwood Manor, a charming eight-unit apartment building located in Carmichael, California. The property has exclusively One-Bedroom /One-Bathroom units with six of the units featuring either a balcony, patio, or a very large backyard. Every resident enjoys an peaceful courtyard like setting as an entrance to their unit. Every unit also possesses one off-street, assigned parking spot. Residents are attracted to Carmichael because of it's easy access to retailers, recreation in the American Parkway, and access to some of the best schools in the Sacramento region. The community is also a short commute to Downtown Sacramento, the regions top employment hub. As suburbanization trends continue and Americans move out of larger cities, Redwood Manor and Carmichael are positioned well to capture Bay Area residents moving east in search of affordability while still enjoying close proximity urban to amenities, world class recreational activities, and within driving distance to Silicon Valley. Please do not disturb management or tenants. All tours must be scheduled with the listing agents.

Exclusively Listed By

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