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Multifamily

Capitales Apartments

2601 El Parque Cir, Rancho Cordova, CA 95670

Listing Price: $3,175,000

Cap Rate
6.46%
Number of Units
18
GRM
8.59
Occupancy
95.0%
Price/Unit
$176,389

Investment Overview

Capitales Apartments offers buyers the opportunity to invest into a stable, cash flowing multifamily asset in Rancho Cordova, CA while providing income upside and unique physical attributes compared to most other offerings. All but one of the units is a single-story cottage, providing residents with a low density living environment with enhanced privacy and no noise from upstairs neighbors. Units have individual water heaters. All two-bedroom floorplans have in-unit laundry, a huge advantage over many other apartments for rent in the area.

The majority of the units have seen interior makeovers. The new owner will continue renovations on classic units and introduce RUBS utility charges to offset water/sewer/garbage charges borne by the owner. Three of the buildings have new roofs less than a year old, minimizing future capital outlays.

Please contact listing agent regarding showings and submitting an offer.

Investment Highlights

  • 17 of 18 units are single-story cottages
  • Two-bedroom floorplans have in-unit laundry
  • Majority of interiors have been upgraded with plank flooring and granite countertops

Exclusively Listed By

Financing By

Multifamily

Capitales Apartments

Listing Price: $3,175,000

Cap Rate
6.46%
Number of Units
18
GRM
8.59
Occupancy
95.0%
Price/Unit
$176,389

Investment Highlights

  • 17 of 18 units are single-story cottages
  • Two-bedroom floorplans have in-unit laundry
  • Majority of interiors have been upgraded with plank flooring and granite countertops

Investment Overview

Capitales Apartments offers buyers the opportunity to invest into a stable, cash flowing multifamily asset in Rancho Cordova, CA while providing income upside and unique physical attributes compared to most other offerings. All but one of the units is a single-story cottage, providing residents with a low density living environment with enhanced privacy and no noise from upstairs neighbors. Units have individual water heaters. All two-bedroom floorplans have in-unit laundry, a huge advantage over many other apartments for rent in the area. The majority of the units have seen interior makeovers. The new owner will continue renovations on classic units and introduce RUBS utility charges to offset water/sewer/garbage charges borne by the owner. Three of the buildings have new roofs less than a year old, minimizing future capital outlays. Please contact listing agent regarding showings and submitting an offer.

Exclusively Listed By

Financing By

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