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River Commons Senior Living 301 Hartnell Ave

103 Unit Block of Flats £10,758,688 (£104,453/Unit) Redding, CA 96002

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Investment Highlights

Featuring 103 units of independent living at 70% occupancy.
River Commons was renovated in 2019 and has many robust amenities.

Assumable FNMA loan with a principal balance of $12.7 million at an interest rate of 4.1% set to mature in November 2026.
Well-positioned near conveniences such as Urgent Care, national retail and finance locations.

Executive Summary

River Commons, located at 301 Hartnell Avenue in Redding, California offers 103-units of independent living. The community has a 70% occupancy rate with assumable FNMA debt of $12.7M at 4.1%, maturing in November 2026.
River Commons was renovated in 2019, and is very well maintained. Amenities feature a pet friendly facility with resident gardens, spacious apartments, laundry-services, and home-style meals made from local ingredients.
Full financials, rent rolls, and debt terms are available in the Data Room.

Property Facts

Price	£10,758,688	Building Class	B
Price Per Unit	£104,453	Lot Size	5.91 AC
Sale Type	Investment	Building Size	93,500 SF
No. Units	103	Average Occupancy	69%
Property Type	Residential	Number of Floors	3
Property Subtype	Apartment Multifamily Dormitory	Year Built/Renovated	1986/2019
Apartment Style	Low Rise	Parking Ratio	0.73/1,000 SF

Price	£10,758,688
Price Per Unit	£104,453
Sale Type	Investment
No. Units	103
Property Type	Residential
Property Subtype	Apartment Multifamily Dormitory
Apartment Style	Low Rise
Building Class	B
Lot Size	5.91 AC
Building Size	93,500 SF
Average Occupancy	69%
Number of Floors	3
Year Built/Renovated	1986/2019
Parking Ratio	0.73/1,000 SF