812 Beelard Dr - Apartments FOR SALE


Vacaville, CA 95687 | 
$14,000,000 USD
916-833-8346
812 Beelard Dr, Vacaville, CA for Sale
$14,000,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

812 Beelard Dr
Vacaville, CA 95687


HIGHLIGHTS

  • Attractive assumable financing
  • Desirable unit mix of one and two bedrooms
  • Proven upside in units that have had in-unit laundry installed
  • Conveniently located near Highway 80, entertainment options, and major shopping and employment centers

OVERVIEW

The DeLoney Group is pleased to exclusively present Lynwood Knolls, a 55-unit garden-style apartment community in Vacaville, California, with attractive assumable financing and a clear path to NOI growth. Built in 1979, the property offers a desirable mix of one- and two-bedroom floor plans, with select units already featuring in-unit washers and dryers. The investment opportunity is highlighted by below-market rents and the ability to continue the washer and dryer retrofit program. Current average rents are approximately $1,966 per unit compared with projected market rents of approximately $2,111, providing approximately $95,700 of annual gross rent upside before considering additional revenue opportunities. The property also benefits from an assumable approximately $7.68 million loan at a 3.33% interest rate, creating attractive going-in cash flow and debt coverage. Lynwood Knolls is conveniently located near Interstate 80, major retail and employment centers, Vacaville Premium Outlets, NorthBay Health VacaValley Hospital, and numerous shopping and dining destinations.

FOR SALE DETAILS

PRICE

$14,000,000 USD

PRICE/SF

$362 USD /SF

# OF UNITS

55

PRICE/UNIT

$254,545

CAP RATE

Request Cap Rate

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lynwood Knolls Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

91

LAND DETAILS

LAND ACRES

2.54 AC

LAND SF

110,642 SF

ZONING

RM, Vacaville

APN/PARCEL ID

0132-250-070

ASK ABOUT THIS PROPERTY

Tony DeLoneyMarcus & MillichapMore Info
916-833-8346

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Tony DeLoneyMarcus & MillichapMore Info
916-833-8346

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