Description
Grand Ave Villa is an 18 unit HUD master leased apartment that runs until mid-2022 with automatic annual increases. Throughout ownership, the landlord will receive substantial payments from HUD. Upside can be attained in multiple ways including by renegotiating the contract to include higher rents, complete remodel of all units as they are turned for an even higher rent schedule, or request to cancel the contract and return to market rents within one year of the agreement. Located in the Del Paso Heights neighborhood of Sacramento, the property is offered at an attractive price with multiple options for upside potential.
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9BEDS
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1.13ACRES
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4BATHS
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01/2 BATHS
School Ratings & Info
Description
Grand Ave Villa is an 18 unit HUD master leased apartment that runs until mid-2022 with automatic annual increases. Throughout ownership, the landlord will receive substantial payments from HUD. Upside can be attained in multiple ways including by renegotiating the contract to include higher rents, complete remodel of all units as they are turned for an even higher rent schedule, or request to cancel the contract and return to market rents within one year of the agreement. Located in the Del Paso Heights neighborhood of Sacramento, the property is offered at an attractive price with multiple options for upside potential.
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