812 Beelard Drive
- Attractive assumable financing
- Desirable unit mix of one and two bedrooms
- Proven upside in units that have had in-unit laundry installed
- Conveniently located near Highway 80, entertainment options, and major shopping and employment centers
Property Description
The DeLoney Group is pleased to exclusively present Lynwood Knolls, a 55-unit garden-style apartment community in Vacaville, California, with attractive assumable financing and a clear path to NOI growth. Built in 1979, the property offers a desirable mix of one- and two-bedroom floor plans, with select units already featuring in-unit washers and dryers. The investment opportunity is highlighted by below-market rents and the ability to continue the washer and dryer retrofit program. Current average rents are approximately $1,966 per unit compared with projected market rents of approximately $2,111, providing approximately $95,700 of annual gross rent upside before considering additional revenue opportunities. The property also benefits from an assumable approximately $7.68 million loan at a 3.33% interest rate, creating attractive going-in cash flow and debt coverage. Lynwood Knolls is conveniently located near Interstate 80, major retail and employment centers, Vacaville Premium Outlets, NorthBay Health VacaValley Hospital, and numerous shopping and dining destinations.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $14,000,000 |
| No. of Units: | 55 |
| Year Built: | 1979 |
| Lot Size: | 2.54 Acres |
| Opportunity Zone: | No |
| Price per unit: | $254,545 |
| Property Website | Click Here |
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