6624 Lemon Hill Avenue

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Address: 6624 Lemon Hill Avenue, Sacramento, California, US
Created date: May 15, 2024
Date last updated: May 17, 2024
  • Attractive In-Place CAP Rate of 5.95% With Defendable Upside.
  • Single Story, Duplex Style Buildings Sprawled Out in a Park-Like Setting on 2.44 Acres.
  • Majority of the Units Updated With Granite Countertops, Vinyl Plank Flooring, New Appliances, New Bathrooms and New Fixtures.
  • Ample Parking With Most Units Having Direct-Access Garages.
  • Highly Desirable One and Two-Bedroom Floor Plans.

Property Description

ALIVE Commercial Real Estate is pleased to presents Camellia Court Village, a 24-unit apartment community nestled in the South East submarket of Sacramento, CA. Boasting predominantly two-bedroom units (20x2bd's & 10x1bd's) spread across charming duplex-style buildings, complemented by a standalone single-family home, this property offers a unique blend of comfort and tranquility. Set amidst sprawling grounds spanning nearly two-and-a-half acres, residents are attracted to the serene ambiance, and tree-lined surroundings reminiscent of a park-like setting. Unlike many apartment complexes in the area, the subject property's amenities include gated access for added security, expansive backyards, ample off-street parking, and garages for added storage convenience. Positioned within a private cul-de-sac, residents relish in the exclusivity and peaceful seclusion, shielded from the noise of the city streets. These features collectively appeal to a discerning tenant base, fostering a stable family-oriented demographic drawn to the allure of suburban living. The Purchaser of Camellia Court Village will enjoy the opportunity to acquire a well-managed, well maintained apartment complex with a clear path to upside. A majority of the unit interiors have already been remodeled to reflect continual rental premiums, while still affording the astute investor with further potential for value enhancement through completion of renovations on the remaining units and beautification of the exterior spaces.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $3,995,000
No. of Units: 24
Year Built: 1960
Lot Size: 2.44 Sq ft
Opportunity Zone: No
Price per unit: $166,458
Property Website Click Here
Address: 6624 Lemon Hill Avenue, Sacramento, CA 95824, USA
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