2643 Furmint Way - Apartments FOR SALE


Rancho Cordova, CA 95670- Outer Rancho Cordova
$1,799,999 USD
510-714-0453
2643 Furmint Way, Rancho Cordova, CA for Sale
$1,799,999 USD
Apartments - FOR SALE
1/33
null | 6.85% Cap Rate

2643 Furmint Way
Rancho Cordova, CA 95670
Outer Rancho Cordova


HIGHLIGHTS

  • $120,000 in recent upgrades
  • On Site Parking
  • Highway 50 Nearby
  • Each Unit 2 Bed 1 Bath Central Heat & A/C
  • The Zinfandel light-rail station is also within walking distance, providing residents with easy access to public transportation.
  • 3 Units Remodeled other 5 units above average condition

OVERVIEW

Excellent investment opportunity in the heart of Rancho Cordova! This well-located eight-unit apartment property consists entirely of spacious two-bedroom, one-bath residences averaging approximately 926 square feet. Each unit features its own in-unit laundry—an attractive and highly desirable amenity for tenants—plus convenient on-site parking. The property is just minutes from Highway 50 and close to Walmart, Safeway, Target, Ross, KP International Market, restaurants, shopping, and everyday conveniences. The Zinfandel light-rail station is also within walking distance, providing residents with easy access to public transportation. PROPERTY HIGHLIGHTS Eight spacious 2-bedroom / 1-bath residences. Three units remodeled recently; remaining units represented as above-average condition. In-unit laundry, on-site parking, and individually metered electric and gas. Approximately $120,000 in improvements, including eight replaced electrical panels. Owner represents that the required stair work has been completed and is compliant with applicable requirements; buyer to independently verify. Seller-supplied market-rent target of $1,800 per unit. Approximately $120,000 has been invested in property improvements, including the recent replacement of all eight electrical panels. Most units have already been renovated, helping reduce near-term improvement expenses. Current rents are below market, creating a compelling value-add opportunity for an investor seeking increased rental income and long-term appreciation. With spacious units, desirable amenities, completed upgrades, strong transportation access, and significant rental upside, this property offers excellent potential to improve cash flow and maximize future returns. VALUE-ADD STRATEGY Stabilize the two vacant residences. Capture rent growth as units turn and as legally permitted. Build on approximately $120,000 of completed improvements. Target the seller-supplied market rent of $1,800 per unit. Increase annual gross scheduled rent toward $172,800. LOCATION ADVANTAGES Minutes to Highway 50 and regional employment centers. Near major retailers and international grocery options. Convenient access to the Zinfandel light-rail station. Spacious two-bedroom layouts with in-unit laundry. On-site parking and completed electrical-panel upgrades.

FOR SALE DETAILS

PRICE

$1,799,999 USD

PRICE/SF

$243 USD /SF

# OF UNITS

8

PRICE/UNIT

$225,000

CAP RATE

6.85%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,327 SF

ZONING

RD30

APN/PARCEL ID

057-0223-023

ASK ABOUT THIS PROPERTY

Jameel BatshonCentury 21 MastersMore Info
510-714-0453

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Jameel BatshonCentury 21 MastersMore Info
510-714-0453

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.