Multifamily

The Oaks at River College

Listing Price: $5,920,000

Cap Rate
4.58%
Number of Units
32
GRM
13.50
Occupancy
97.00%
Price/Unit
$185,000
Price/Gross SF
$243.62
Gross SF
24,300

Investment Overview

The Oaks at River College Apartments is a fantastic opportunity to invest in a stable cash flowing asset in good physical condition located in Sacramento, California. The Oaks at River College is a charming 32-unit community that is entirely single-story construction. The community features 15 one-bedroom/one-bathroom units with 650 rentable square feet, 16 two-bedroom/one-bathroom units with 850 rentable square feet, and 1 three-bedroom/two-bathroom unit with 950 rentable square feet. Ample parking (58 spaces) are available to residents and their guests, as well as a uniquely generous amenity package for the community size.

The purchaser of The Oaks at River College will enjoy a desirable unit mix of all single-story units with large patios attached. The community includes a gym and poolside experience plus a leasing office for the manager. The Oaks at River College provides the opportunity to follow a proven strategy to bring rents up to market value in one of the country's hottest and growing markets. The coastal migration inland and the lack of new apartments construction in suburban Sacramento positions The Oaks at River College well to continue an upward trend in rents. Record low interest rates provide attractive positive leverage and strong cash returns.

The property is conveniently located down the street from American River Community College, a large community college in the Sacramento region. The community is also located near the Madison Avenue access to Interstate 80, the major east-west transportation corridor for the greater Sacramento region. Just a few miles west along Interstate 80, residents arrive at a thriving Downtown/Midtown Sacramento, which is the major employment hub for the region and home to the newly constructed Golden 1 Center. The property is also a short drive to the Arden Fair Mall, one of the regions largest shopping malls.

All tours must be scheduled through the listing agent. Please do not disturb management.

Investment Highlights

  • Stable, Turnkey Single-Story Community with Desirable Unit Mix
  • Strong Amenity Package Offering to Residents
  • Walking Distance to American River College
  • Located One Mile from I-80 Freeway Access
  • Attractive Debt Options Available
  • Strong Collections Through Covid-19

Exclusively Listed By

  • Tony DeLoney

    Senior Managing Director Investments

    (916) 724-1363

    Email Tony

    License(s): CA: 01920427

    Sacramento

  • David DeLoney

    Senior Associate

    Email David

    License(s): CA: 02045150

    Sacramento

Listing Price: $5,920,000

Cap Rate
4.58%
Number of Units
32
GRM
13.50
Occupancy
97.00%
Price/Unit
$185,000
Price/Gross SF
$243.62
Gross SF
24,300

Investment Highlights

  • Stable, Turnkey Single-Story Community with Desirable Unit Mix
  • Strong Amenity Package Offering to Residents
  • Walking Distance to American River College
  • Located One Mile from I-80 Freeway Access
  • Attractive Debt Options Available
  • Strong Collections Through Covid-19

Investment Overview

The Oaks at River College Apartments is a fantastic opportunity to invest in a stable cash flowing asset in good physical condition located in Sacramento, California. The Oaks at River College is a charming 32-unit community that is entirely single-story construction. The community features 15 one-bedroom/one-bathroom units with 650 rentable square feet, 16 two-bedroom/one-bathroom units with 850 rentable square feet, and 1 three-bedroom/two-bathroom unit with 950 rentable square feet. Ample parking (58 spaces) are available to residents and their guests, as well as a uniquely generous amenity package for the community size.

The purchaser of The Oaks at River College will enjoy a desirable unit mix of all single-story units with large patios attached. The community includes a gym and poolside experience plus a leasing office for the manager. The Oaks at River College provides the opportunity to follow a proven strategy to bring rents up to market value in one of the country's hottest and growing markets. The coastal migration inland and the lack of new apartments construction in suburban Sacramento positions The Oaks at River College well to continue an upward trend in rents. Record low interest rates provide attractive positive leverage and strong cash returns.

The property is conveniently located down the street from American River Community College, a large community college in the Sacramento region. The community is also located near the Madison Avenue access to Interstate 80, the major east-west transportation corridor for the greater Sacramento region. Just a few miles west along Interstate 80, residents arrive at a thriving Downtown/Midtown Sacramento, which is the major employment hub for the region and home to the newly constructed Golden 1 Center. The property is also a short drive to the Arden Fair Mall, one of the regions largest shopping malls.

All tours must be scheduled through the listing agent. Please do not disturb management.

Exclusively Listed By

  • Tony DeLoney

    Senior Managing Director Investments

    (916) 724-1363

    Email Tony

    License(s): CA: 01920427

    Sacramento

  • David DeLoney

    Senior Associate

    Email David

    License(s): CA: 02045150

    Sacramento

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