Investment Overview

Marcus & Millichap is proud to present Rio Linda Manor located at 2671 Rio Linda Blvd in the Old North Sacramento community of Sacramento, CA. The subject is a 66-unit senior LIHTC apartment complex comprised of one 3-story building. Built in 1970 and rehabbed in 2009, the property is made up of 66 one-bedroom apartments at approximately 714 SF each.

Rio Linda Manor received a 4% tax credit funding allocation in 2007 through the California Tax Credit Allocating Committee (CTCAC) to perform an acquisition rehab, and it was Placed in Service (PIS) on July 13th, 2009. The CTCAC land use regulatory agreement (LURA) lasts 55 years and expires in 2064. The Tax Credit Compliance Period (TCCP) Expired in Jan 2024.

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Investment Highlights

-  Large Upside in Rents (10.58% ProForma Based on TCAC Max Rents)  -

-  Price-per-Unit of $85K in Sacramento, CA -