Any investors buying new product in the West Sacramento or Downtown Sacramento area?
I am particularly interested in infill developments like, "The good Project," or "The Creamery," because they have lots of appreciation potential. Current market conditions are allowing for hefty incentives and kickbacks on purchase price, which makes the deals sweeter. I am moving into the unit and will have 1-2 bedrooms available for rent, so I am evaluating the property differently than I would on a 100% investment property.
Any general market feedback on these developments would be appreciated!
those are some really nice new projects in west sac. i'm working on a few projects locally as well. what are you looking to do?
@Pavan Sandhu Looking to purchase as a secondary residence and rent or airbnb the other 2 rooms. The Good Project is on it's last phase, so pricing is on the higher side. However, I do know Bardis homes just filed a Design review for a new community in the same area, which could bring property values up even further as the development progresses.
What projects are you working on?
The Creamery has 11 units in standing inventory, pricing and incentives are fairly aggressive. I am submitting two offers next week. I think that project will get a bump in 10 days when the MLS team is official. The values will really spark when the new 18 acre Kaiser Campus opens in the rail yard.
@Joe Bertolino do you mind sharing what your offer looks like?