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$2,995,000
Offering Price
11.09
GRM
$149,750
Price Per Unit
20
Number of Units
5.64%
Cap Rate
12,480
Building SF

Investment Summary

  • Sutter View Apartments is a luxury 20-unit complex walking distance to downtown. The property is comprised of (12) 1 Bedroom 1 Bathroom units approx 600 sq. ft & (8) 2 Bedroom 1 Bathroom units approx 800 sq. ft. All of the units have been completely remodeled with engineered hardwood floors, brand new maple cabinets in kitchen, quartz counter tops, brand new double pane windows, completely new bathrooms, recessed lighting, new A/C-Heating Units, new doors, every item on the interior is new including the smallest touches. No expense was spared when remodeling the units! The property is situated on .73 of an acre with professionally landscaped grounds. Sutter View comes with the convenience of 20 covered parking spots as well as on site laundry. There are 20 individual storage units providing extra income as well.

Location Summary

  • Located in the Sierra Nevada Foothills about 45 miles southeast of Sacramento, Amador County is quickly becoming an area known for beautiful scenery, excellent wine and its rich historic experience. Sutter Creek is ideally situated in the heart of the Sierra Foothill Wine Country and is Amador County’s most walkable town with B&Bs, restaurants, and shops along the main street. Amador County bills itself as "The Heart of the Mother Lode" and lies within the Gold Country. There is a substantial wine-growing industry in the county. Along with Napa Valley AVA and Sonoma Valley AVA wine growing regions of California, the Shenandoah Valley has become a thriving and popular wine growing region of California.
  • Sutter View Apartments is a luxury 20-unit complex walking distance to downtown. The property is comprised of (12) 1 Bedroom 1 Bathroom units approx 600 sq. ft & (8) 2 Bedroom 1 Bathroom units approx 800 sq. ft. All of the units have been completely remodeled with engineered hardwood floors, brand new maple cabinets in kitchen, quartz counter tops, brand new double pane windows, completely new bathrooms, recessed lighting, new A/C-Heating Units, new doors, every item on the interior is new including the smallest touches. No expense was spared when remodeling the units! The property is situated on .73 of an acre with professionally landscaped grounds. Sutter View comes with the convenience of 20 covered parking spots as well as on site laundry. There are 20 individual storage units providing extra income as well.
FOR MORE DETAILS CONTACT
Timothy Swanston
Senior Vice President
(916) 541-3630
Swanston@ncc1031.com
01887506