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Duo Purchases 109-Unit Complex in Sacramento

Marconi Avenue Property Worth More Than $7.4M
By Eric Kies
February 8, 2005 | 7:48 P.M.

John L. and Mary A. Evilsizor purchased the Amber Grove Apartments located at 4009 Marconi Avenue in Sacramento. Total consideration for the deal was $7.7 million, approximately $67,889 per unit. The cap rate at the time of sale was 5.28 percent, with a GRM of 8.25 percent.

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