32 E Main St - Apartments FOR SALE


Winters, CA 95694
$6,750,000 USD
925-324-1563
32 E Main St, Winters, CA for Sale
$6,750,000 USD
Apartments - FOR SALE
1/31
null | 5.46% Cap Rate

32 E Main St
Winters, CA 95694


HIGHLIGHTS

  • Strong In-Place Performance with Proven Rent Growth
  • Desirable Unit Mix and Unit Sizes
  • Low-Density Site with Long-Term Flexibility
  • Accessible Growth Location
  • Favorable Demographic and Economic Trends
  • Attractive Yield Profile and Leverage Options

OVERVIEW

Investment Highlights 1) Strong In-Place Performance with Proven Rent Growth The property generates a 5.49% cap rate on current income and has recently achieved rents approximately 12% above current averages, indicating a clear path to 6.66%+ cap rate upon stabilization. The demonstrated rent trajectory provides a reliable foundation for continued income growth. 2) Desirable Unit Mix and Unit Sizes The community consists exclusively of large two-bedroom floor plans averaging over 1,000 square feet, all with in-unit laundry hook ups in the two bedroom two bath units and forced-air HVAC. This unit composition attracts long-term tenants and minimizes turnover relative to buildings with a higher concentration of one-bedroom units and studios. 3) Low-Density Site with Long-Term Flexibility The 3.78-acre parcel provides an attractive low-density layout with open green space and ample parking. The site design supports potential amenity enhancements or future redevelopment options, offering investors flexibility over multiple business plans. 4) Accessible Growth Location Situated in Winters, California, the property benefits from direct access to Interstate 505 and Highway 128, connecting residents to Davis (UC Davis), Vacaville, Sacramento, and the Napa Valley. The area continues to attract renters seeking affordability and quality of life within reach of regional job centers. 5) Favorable Demographic and Economic Trends Within a five-mile radius, Winters boasts a median household income of $93,700, a median home value exceeding $520,000, and a limited supply of multifamily housing. Local employment is anchored by UC Davis, Mariani Nut Company, and the Winters Joint Unified School District, supporting consistent rental demand. 6)Attractive Yield Profile and Leverage Options The asset supports in-place cash-on-cash returns of 5.5% (interest-only) with the potential to achieve 9.4% total return at recently acheived rents. This performance, combined with favorable financing availability, positions Creekside Apartments as a strong cash-flowing investment with near-term upside.

FOR SALE DETAILS

PRICE

$6,750,000 USD

PRICE/SF

$211 USD /SF

# OF UNITS

32

PRICE/UNIT

$210,938

CAP RATE

5.46%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Creekside Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.78 AC

LAND SF

164,657 SF

ZONING

R-3

APN/PARCEL ID

003-480-068-000

ASK ABOUT THIS PROPERTY

Anthony PappageorgeNorthmarqMore Info
925-324-1563

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Anthony PappageorgeNorthmarqMore Info
925-324-1563

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