The Trees at Madison

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Address: 5101 Hackberry Ln, Sacramento, CA 95841, USA

Created date: August 21, 2024

Date last updated: August 21, 2024

-Remodeled interiors include newly upgraded lighting and plumbing fixtures, granite countertops, updated appliances, and plank-style flooring
-Renovated exteriors features fully updated roofs, siding, windows, and HVAC systems.
-Stable, well-run, investment-grade property

Property Description

The Trees at Madison Apartments offers investors an opportunity to step into a stable, well-run operation of 80 units in the North Carmichael submarket in the Unincorporated County of Sacramento. The property sits atop 3.95 acres with parking throughout with unit balcony and patios overlook tastefully landscaped pathways and community spaces. Inside the apartments residents are treated to fully remodeled apartment homes, including newly upgraded lighting and plumbing fixtures, granite countertops, updated appliances, and plank-style flooring. The Trees at Madison Apartments rests near the major suburban intersection of Madison Avenue and Auburn Blvd in the North Carmichael submarket. The location provides rapid access to all of Sacramento's major freeways and even more convenient to shopping with a Walmart Neighborhood Market one block away and Target less than a mile down the road. While the strategic location is a driver of rental demand and traffic, the property is set back on a residential street with gated access from Hackberry Lane. The result is a quiet and clean ambience without sacrificing convenience to nearby amenities. Please contact listing agents to schedule a tour of The Trees at Madison Apartments. Do not disturb management.

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Key Property Information

Listing Status:	Available
Listing Type:	Highest & best offer
Property Types:	Apartment Buildings
Price:	$17,495,000
No. of Units:	80
Cap Rate:	4.78%
GRM /GIM:	11.43
Opportunity Zone:	No
Price per unit:	$218,688