Occupancy at the property is approximately 94%. Amenities include three pools, two spas, two fitness centers, four sport courts, a business center with wireless internet access, an activity center, a playground and picnic areas. The property shows up under two addresses, 1751 E. Roseville Pkwy. and 8800 Sierra College Blvd.

The list price represents $111,111 per unit, $106.58 per square foot and, according to one local source, a 6.5% cap rate. Replacement cost is believed to be at least $175,000 per unit. Listing brokers Mark Leary Curtis Gardner and Nate Oleson were not immediately available Tuesday for comment.

According to a marketing flier the average unit size is 1,043 square feet and the average rent is $1,024 per month. The average rent reflects a 1% decline from the trailing three-month average and a 6.6% decline from the 2008 average rent, it states. The first-to-third quarter 2009 rent decline was 1.8%; the decline since the peak (third quarter 2008) is 10.1%.

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