The Palms Marconi
Sacramento, CA - 45 units
$5,175,000
acquired
(MAR. 2020)
31% REHABBED
14 OF THE 45 UNITS
23.15% IRR
PROJECTED IRR
The Palms Marconi is a 45 unit apartment community conveniently located in the Arden-Arcade submarket of Sacramento, California. This has been partially through a repositioning process. The interior of these units will be updated with our design palette and re-leased at market rates. The exterior is in great condition with the previous owner having spent a good amount of capex. This property is uniquely positioned to Flite and our investors to take advantage of the capex already invested, acquire at a discounted price when compared to market, and participate in the value upside.
