7273 Luther Dr
- Strategic Location in Opportunity Zone
- Tax Incentives and Investment Benefits
- Prime Location with Accessibility
- Essential Services in Close Proximity
- Growing Area with Development Potential
- Senior Housing Demand
- Enhanced Mobility for Seniors
- Community and Economic Impact
- Sustainability and Long-Term Value
Property Description
Luther Gardens is a modern and centrally-located apartment development project designed to address the critical housing shortage for clean, attractive, and affordable rental units for seniors in Sacramento. The unit mix is a blend of 3 - 1 bedroom/1 bath units and 21 - 2 bedroom/1 bath units, and range in size from 861 SF to 959 SF. All units have a 100 SF patio or balcony (not included in gross SF), plus an assigned carport parking spot. The building will have attractive drought-tolerant landscaping and offers large windows, centralized skylights, community lounge, common area, rooftop, carport solar collectors, and rooftop gardens for social gatherings. For developers or other interested parties, the project and land are available for purchase as the project continues along the development phase.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $1,000,000 |
| No. of Units: | 24 |
| Lot Size: | 0.81 Acres |
| Opportunity Zone: | No |
| Price per unit: | $41,667 |
| Property Website | Click Here |
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