Palazzo Luxury Apartments 480 Dover Pky

Marcus & Millichap is pleased to present to market this brand new (45) Luxury Villa Unit Apartment complex on 5.38 acres in Delano, Ca. All these 2bd/2ba and 3bd/2ba units with laundry hook ups are currently under construction and anticipate being delivered and rentable in August 2024. This offering includes (19) 3bd/2ba units and (26) 2bd/2ba units. There is plenty of onsite parking with site amenities that include; community room with games, a pool with cabanas and barbeques stations and lush grounds for tenant relaxation and enjoyment. The developer is taking preliminary rental applications at this time. This is all on one parcel APN# 521-230-01.
This project is being built on a premiere apartment site and located in the hottest and newest power retail center in Delano, California. Arguably, one of the better retail centers within the Central Valley. There are major National Credit tenants and Brands, such as In & Out Burger, Home Depot, Starbuck’s, Subway, Tunnel Carwash, Jollibee, Maya Cinemas, Juice it Up!, Chipotle Mexican Grill, Panda Express, Tengu Ramen, McDonald’s, Taco Bell, Deli Delicious, I-Hop, Chevron, Arco, Walmart Super Center, Hyatt Place Hotel within or near this center. Located just off Hwy 99, one of the major transportation thoroughfares going north and south throughout California.
The daily traffic counts that drive by this divisible center is phenomenal.
The apartments are being built by OM Development on the edge of all this recent activity. These Luxury Villas will serve the community of Delano very well while California’s underserved Housing needs are not met. These units are well appointed with all modern convenience appliances and never lived in before. Just for you…Fresh and New!!!!! A wonderful place to call home with eateries and entertainment within walking distance. This is an Eco-Friendly living environment.
This is an exceptional investment opportunity offering a high Cap Rate return with promises of a high Yield over many years. With the ability to pay down debt (if financed), depreciate (to reduce tax liability) while gaining equity and income. This is the true Trifecta of all investment possibilities. Do not miss out… buy now and add this impressive property to your real estate portfolio.