2643 Furmint Way 8 Unit Apartment Building $2,493,233 CAD ($311,654 CAD/Unit) 6.85% Cap Rate Rancho Cordova, CA 95670

Excellent investment opportunity in the heart of Rancho Cordova! This well-located eight-unit apartment property consists entirely of spacious two-bedroom, one-bath residences averaging approximately 926 square feet. Each unit features its own in-unit laundry—an attractive and highly desirable amenity for tenants—plus convenient on-site parking.
The property is just minutes from Highway 50 and close to Walmart, Safeway, Target, Ross, KP International Market, restaurants, shopping, and everyday conveniences. The Zinfandel light-rail station is also within walking distance, providing residents with easy access to public transportation.
PROPERTY HIGHLIGHTS
Eight spacious 2-bedroom / 1-bath residences.
Three units remodeled recently; remaining units represented as above-average condition.
In-unit laundry, on-site parking, and individually metered electric and gas.
Approximately $120,000 in improvements, including eight replaced electrical panels.
Owner represents that the required stair work has been completed and is compliant with applicable
requirements; buyer to independently verify.
Seller-supplied market-rent target of $1,800 per unit.
Approximately $120,000 has been invested in property improvements, including the recent replacement of all eight electrical panels. Most units have already been renovated, helping reduce near-term improvement expenses. Current rents are below market, creating a compelling value-add opportunity for an investor seeking increased rental income and long-term appreciation.
With spacious units, desirable amenities, completed upgrades, strong transportation access, and significant rental upside, this property offers excellent potential to improve cash flow and maximize future returns.
VALUE-ADD STRATEGY
Stabilize the two vacant residences.
Capture rent growth as units turn and as legally permitted.
Build on approximately $120,000 of completed improvements.
Target the seller-supplied market rent of $1,800 per unit.
Increase annual gross scheduled rent toward $172,800.
LOCATION ADVANTAGES
Minutes to Highway 50 and regional employment centers.
Near major retailers and international grocery options.
Convenient access to the Zinfandel light-rail station.
Spacious two-bedroom layouts with in-unit laundry.
On-site parking and completed electrical-panel upgrades.