SOLD

Quail Oaks | 31 Units | Yuba City, CA

$1,800,000

Quail Oaks Apartments is a pride of ownership property, built in 1990, offered at $1,850,000 or just $59,677 per unit. This 31 unit complex is in exceptional condition and offers an investor an opportunity to acquire a turn-key asset with future upside of increasing rents.

 

 

Yuba City Apartment Complex Quail OaksNearly all of the units have been upgraded with high quality tile and/or wood laminate flooring providing increased desirability and low future maintenance.
The property provides an excellent unit mix with four studios, seven one-bedroom, one-bath units and 20 two-bedroom, one-bath units. Due to its convenient location, excellent condition and a desirable unit mix.  The property attracts quality tenants and has enjoyed strong occupancy.
Quail Oaks is located in Yuba City, CA located approximately 40 miles North of Sacramento. The city is home to approximately 65,000 residents. The rental market is strong with market vacancy of just 5.8% and median rent of $871, according to Yuba-Sutter Economic Development Corporation.