Marketing Description
Turnkey 13-cottage community in the heart of Walnut Grove, just steps from the Sacramento River and downtown amenities. Each detached cottage is recently built and designed for functionality, privacy, and long-term tenant appeal. The property sits on a 1.52-acre parcel with clean, well-maintained grounds, mature trees, and pride of ownership throughout.
This asset offers immediate cash flow with a cap rate of ~9.37% and a clear path for value-add upside. By reinstating RUBS, new ownership can bill back water, sewer, and garbage costs to tenants, creating a significant NOI boost. In addition, the property has the potential to add two additional units, further enhancing long-term returns.
Residents enjoy private parking, storage sheds, community laundry, and easy access to major transportation routes. This is a rare opportunity to acquire a stabilized, high-yield cottage community with multiple levers for value creation.