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Melton Drive, Yuba City, CA 95991
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$4,100,000
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Home Details for Melton Drive
Price
$4,100,000
Type
Multi Family
Year Build
1991
Lot Size
0.74
County
Sutter
MLS®️ Listing#
225049622
On exitrealty.com
132 days
Property Description
Pheasant Court presents a rare opportunity to acquire a well-maintained, 32-unit apartment complex in the heart of Yuba City. Built in 1991, the property consists of a strong unit mix with a studio, (7) one-bedrooms, and (24) two-bedroom units ideal for attracting a broad tenant base. Strategically located near retail, schools, and major freeway access, Pheasant Court benefits from consistent tenant demand and minimal vacancy. At an average price of **$128,125 per door**, this offering sits below replacement cost, presenting immediate value and significant long-term upside through rent growth and operational efficiencies. Whether you're expanding your portfolio or entering a stable submarket with strong fundamentals, Pheasant Court is an ideal value-add or long-term hold opportunity for investors looking to expand or optimize their multifamily portfolio.
- Cooling Information
- Central Air
- Wall Unit(s)
- Varies by Unit
- Heating Information
- Central
- Wall Furnace
- Varies by Unit
- Water Features
- Public
- Parking
- Covered
Listing Courtesy: Nick Sadek Sotheby's International Realty - 916-784-7444. Presented by: Shadi W. Qutub
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EXIT CAPITAL REALTY
2100 Watt Ave Suite #140, Sacramento, CA 95825
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$4,100,000
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EXIT CAPITAL REALTY
2100 Watt Ave Suite #140, Sacramento, CA 95825
CA DRE# 02236377. Sam Samadi Broker (CA DRE# 01520140. Kris Klair Broker)