Christopher Canyon Apartments

Asset type: Apartment · Location: Auburn, California

Christopher Canyon apartments, located in Auburn, California, is a beautiful 16 unit investment property owned and operated by BCGK Property Group. Christopher Canyon is comprised of 4 uniform buildings, each consisting of 4 units. The property itself features beautiful canyon views and is only minutes away from Auburn's charming downtown and Old Town. The property allows residents to enjoy the peace and tranquility of living in Auburn while having access to larger cities and job markets like Sacramento, Roseville and Rocklin nearby. This BCGK syndication has been in operation for 1 year and 9 months so far and has undergone significant interior and exterior improvements, while also seeing the rent roll rise from $20,600/month upon acquisition to $27,737 currently! 8 of 16 units have been completely remodeled with the addition of in-unit laundry, which our residents love. We've also completed large scale property drainage and security projects, further boosting functionality and safety for our residents. With a mortgage payment of only $7,529/month, this property offers investors an extremely safe place to park their capital and enjoy beautiful cash flow while we look for the right time to exit, presumably in the 3-5 year range. In the meantime, investors receive quarterly distributions that equate to a 5% yearly cash on cash return in relation to their investment amount. BCGK set a total raise for this project at $2.5MM and to date has only needed to raise $2.04MM, leaving plenty of room to continue bringing in capital as-needed without diluting investor's share valuation. BCGK is seeking to to finish our interior remodel program as well as build an ADU on-site by completing our raise and bringing in another $460k of investor capital. This raise will close on a first-come, first-served basis. Please reach out to us to talk more about joining this amazing value-add project with us!