Fair Oaks Homes with 5 or More Units Property Subtype

Welcome to Fair Oaks, California – a charming and vibrant community nestled in the heart of Sacramento County. Known for its picturesque landscapes, Fair Oaks boasts a unique blend of suburban tranquility and urban convenience. This idyllic town is characterized by its lush parks, scenic river views, and a friendly atmosphere that makes it perfect for families and individuals alike.

Fair Oaks is not just a place to live; it's a lifestyle. Residents enjoy access to an array of recreational activities, from hiking and biking along the American River Parkway to enjoying leisurely afternoons at local parks. The community is also home to a variety of shops, restaurants, and cafes that reflect its rich cultural diversity. With a strong emphasis on community events and a welcoming spirit, Fair Oaks is a place where neighbors become friends.

For those interested in real estate investment, Fair Oaks presents an enticing opportunity with homes featuring five or more units. This property subtype is ideal for investors seeking to expand their portfolios in a growing market. The demand for multi-family housing in this area is on the rise, thanks to its appealing location and the influx of new residents drawn to its charm. Properties with five or more units not only provide a steady income stream but also offer the potential for significant appreciation in value over time.

Whether you're looking to settle down or invest, Fair Oaks is a remarkable choice. Explore the possibilities today and discover your perfect property in this enchanting California community!

Newest Fair Oaks Homes with 5 or More Units Property Subtype

$1,200,000

5,209 SqFt. ⋅ 226045511 MLS

Blundenhouse Apartments is in Fair Oaks, California, a suburb east of Sacramento, known as a desirable bedroom community with highly rated schools. The property features eight apartment units featuring studio, one bedroom, and two bedrooms floorplans. Originally Built in 1950, Blundenhouse was built in Fair Oaks historic downtown district, which is home to numerous restaurants, boutique shops, and Village Park. Residents enjoy being walking distance to the Downtown amenities and the American River Parkway / Jedidiah Smith Bike Trail. Five of the Eight Units are in the central building of the property that was originally built as a single family home in the 1950's. In approximately 1990, the building was permitted to separate the building into five apartment units and added three more units elsewhere on the grounds. Because of the different construction phases and peculiar ways the units were created, no floorplan is the same and vary greatly in square footage. Adding to the property's unique nature, the property has a pool and a very large sundeck for residents to enjoy, a very rare amenity for a property of its size. Existing rents are approximately 17% under market, allowing the next savvy investor to maximize property value through more aggressive management and the proven renovation model. Between the charm of the property itself, the immediate surrounding area, and robust submarket fundamentals, Blundenhouse is poised for continued rent growth and upward trajectory.

4224 Crestline, Fair Oaks

Listing courtesy of Marcus & Millichap Real Estate.

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