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1199 Melton Drive offers a truly unique opportunity to purchase a stable asset with a true value-add component without any major on capital projects. Furthermore, Yuba and Sutter counties are expected to see a huge surge in apartment demand while experiencing virtually zero new housing construction.
The property offers a unique value -add opportunity that's been proven by ownership in one of California's hottest growth markets. Roughly 40 percent of the unit interiors have been upgraded in the last couple of years. The next owner can follow the proven renovation spec and recapture more than 18 percent loss to lease on the July 2022 rent roll.
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Listing Agent: Shan Wedgwood Courtesy of: Marcus & Millichap The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 18th August, 2022 4:40 PM (UTC)