2512 Edison Avenue
Sacramento, CA 95821
Sq. Feet 60,548
The Delta Court Apartments are a Ranch-Style 28-unit apartment complex located at 221 Wilbur Avenue in beautiful Antioch, California.
All of the units are separate detached structures consisting of a unique unit mix of three-bedroom/one-bath houses, two and one-bedroom/one-bath detached apartment units and several detached studios or various sizes. The property lies on a 83,200-square foot lot giving its tenants a feeling of community and each unit comes with at least one on-site numbered parking space. The subject property has been held to around 90 percent of its pro forma gross annual rent, giving way to upside rent potential for an investor.
Residents of the Delta Court Apartments benefit from an on-site laundry facility that also provides an additional income stream for the landlord. The property is conveniently located walking distance from Kimball and Fremont Elementary schools, and is just minutes from the Contra Costa County Fairgrounds.
Cap Rate: 6.99% NOI: $157,387 Livable Sq. Ft: 12,923
Built in 1941 28 units Lot Sq. Ft: 83,200