Gold Run Apartments encompasses approximately 3.3 acres and consists of eleven buildings for a total of 59,740 net rentable sq./ft. Well designed and nicely appointed floor plans include one and two bedroom/one bath apartment homes averaging approximately 711 square feet.
Gold Run provides an investor a unique opportunity to acquire a well-maintained property with the opportunity to increase income and value over time with improvements and operational efficiencies. There is a strong demand in the Class B rental market along with limited planned multifamily development, enabling a new owner to benefit from near term rent growth as multifamily fundamentals continue to strengthen in the Sacramento Region.
- -Renovations totaling over $370,000
- -Ideal location close to Downtown, Public Transportation and Local Attractions
- -Significant advantage of the Greater Sacramento area is its proximity to large markets, with virtually the entire state of California within one day’s driving distance.
Representation – Buyer