NORTHERN CALIFORNIA PORTFOLIO
(Ready for 1031 Exchange)
Over 400 Units | Built 1985
This portfolio comprises three properties totaling over 400 units in Northern California. These are institutional quality and very well-maintained assets that are located within minutes of each other. Occupancy is averaging about 97% with very strong collections. Each community provides a proven value-add and significant upside in rents.
This market is attracting a lot of residents from the Bay area which is driving solid rent growth. Going in, the cash-on-cash yield is over 8% with year poise for double digit returns. These properties are available for sale individually or as a portfolio.