The Village at Shannon Way — Sale in Visalia, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Visalia, CA 93291

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The Village at Shannon Way — Sale in Visalia, CA, photo 1 of 2
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Investment Figures

Cap rate
4.87%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present The Village at Shannon Way Apartments located in Northwest  Visalia, CA. The unique opportunity to acquire a brand-new luxury  building in a fantastic location.  This Class “A” asset is in lease up and renting approximately 7-10 units a week. The Village at Shannon Way is a very attractive property with resort-worthy amenities: Resort style pool with cabanas and poolside lounging, jacuzzi/hot tub, Pickleball court, bbq islands with pizza oven, designer clubhouse with gourmet kitchen, state-of-the art 24 hr. fitness center, and beautiful park area for outdoor activities. The Village at Shannon Way is a three-story complex with a very favorable unit mix:  (96) one-bedroom/ one-bathroom that are approximately 860 square feet and (120) two-bedroom/two-bathroom units that are approximately 1,083 square feet. Situated in a robust rental market, the subject  property benefits from strong demand for housing, ensuring high occupancy and potential for rent growth.  For investors seeking a brand-new apartment complex, in an up-and-coming area, The Village at Shannon Way represents a compelling opportunity Investment Highlights: • Opportunity to Acquire a Brand New Class "A" Building in Northwest  Visalia, CA • Desirable Unit Mix:  (96) One-Bedroom/One-Bathroom and (120) Two-Bedroom/Two-Bathroom Units • Resort Style Amenities: Pool with  Cabanas and Lounging, Jacuzzi/Hot Tub, Pickleball Court, BBQ Islands with Pizza Oven, Designed Clubhouse with Gourmet Kitchen and Fitness center • ???????Located in Northwest Visalia across the street from Visalia Orchard Walk

Market Context

This multifamily in Visalia, CA is listed for sale. It is offered at an approximate 4.9% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Visalia, CA — view the full market.

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  • What is the asking price?
  • What is the current zoning, and does it allow my intended use?
  • How many parking spaces come with the property?

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