Rio Terrace Apartments 2811 F St Immeuble residentiel 29 lots 5 223 441 € (180 119 €/Lot) Taux de capitalisation 5,56 % Sacramento, CA 95816

Brittain Commercial is pleased to present the Rio Terrace Apartments, a 29-unit apartment complex located at 2811-2917 F Street.
Situated the highly desirable McKinley Park, a historically significant park originated in 1871 you will find a charming community with easy freeway access, on-site laundry, on-site parking and modernized interiors. The location provides its residents with a Walk Score of 86. Nearby is Sutter's Fort State Historical Park, Sutter Medical, Temple Coffee, Sacramento Food Co-op, the local Light Rail system, Downtown Sacramento, CSUS and more. This location one right in the heart of the action—steps away from eclectic dining, live music, art, and everything that makes Midtown one of Sacramento’s most sought-after places to live, easy freeway access. The property has been operated by the same ownership for over 31 years and is currently managed by one of the partners. The majority of units are rented below market and offer a new owner with tremendous upside potential. The current ownership has achieved market rents on a select few units that have been renovated. There are 3 garages, 3 covered spaces, 6 spaces that are gated and 5 open off-street parking spaces that generate additional revenue. Opportunity to implement common area maintenance fees to increase revenue.
As Sacramento continues to experience rapid population growth and rising property values, The Rio Terrace Apartments offer an exceptional investment opportunity to capitalize on the region’s ongoing economic expansion.