Magnolia Suites 4743 Marconi Ave Immeuble residentiel 67 lots 10 020 065 € (149 553 €/Lot) Taux de capitalisation 6,10 % Carmichael, CA 95608

The DeLoney Group of Marcus & Millichap has been retained as exclusive agent to offer fee simple interest in Magnolia Suites Apartments. The property features a desirable unit mix with above-average unit sizes and excellent floor plans. The units are single-load design allowing for maximum natural light through windows. Select units feature beautiful brick fireplaces in the living rooms. Select upstairs units are complemented by Juliette-style balconies.
Ownership has focused it's efforts in recent years on renting to veterans sourced directly from the Mather HUD VA. Current ownership was even awarded a Certificate of Appreciation for outstanding service to Mather HUD VASH Veterans and continued support in housing veterans in 2023. This has created a solid, dependable income stream. Currently the owner is renting all floorplans for $1689 regardless of floorplan. Raising the rents on the two-bedroom floorplans and also introducing RUBS charges could be immediate boosts to income.
Further, the offering is situated on 3 separate parcels, acquired at different times but all more than 10 years ago. This allows for a flexible exit strategy in case someone wanted to sell the 28 units at 4735 Marconi separately from the 39 units that run contiguous on 4743 and 4801 Marconi in the future.
The property is conveniently located less than a quarter mile away from The Marconi and Walnut shopping center, allowing residents access to national retailers within walking distance from the property. Residents will also enjoy being steps away from a SACRT bus stop, which allows for immediate access to much of the greater Sacramento region.
The offering also features a unique amenity package. The game court located on the 4735 Marconi side features an array of low maintenance games including but not limited to corn hole, ping pong, and a synthetic grass mini golf course The property also has six different playground sites, allowing for families with kids of all ages to feel at home.
Ownership lives on-site and also serves as acting management. Please do not disturb. All tours must be scheduled with exclusive listing agents.