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Multifamily

Sutter Crossing

5939 Sutter Ave, Carmichael, CA 95608

Listing Price: $8,400,000

Cap Rate
4.28%
Number of Units
40
Occupancy
94.1%
Price/Unit
$210,000
Price/Gross SF
$304.88
Gross SF
27,552

Investment Overview

Marcus & Millichap is pleased to present Sutter Crossing Apartments, a beautifully renovated apartment community featuring exclusively two-bedroom floor plans in the affluent community of Carmichael, California. Carmichael is located in suburban Sacramento and is widely known for it’s performing schools, access to the American River Parkway, and desirable neighborhoods. Sutter Crossing is a very short driving distance to some of the regions’ best shopping and recreational opportunities. Current ownership has remodeled 80 percent of the interiors in recent years; remodels that include granite counter tops, LVP flooring, new cabinetry, stainless steel appliances, and upgraded mini split AC systems. Exterior upgrades include a brand new roof, fresh paint, and remodeled landscaping, all done in the 2022 calendar year. Sutter Crossing is also on a unique lot that sits well off the street, providing residents a sense of privacy and an opportunity to enjoy their large backyards in a quiet environment.   The next owner inherits a property that is almost completely turnkey, but also represents a unique value-add opportunity through more aggressive management and following a proven renovation strategy. The Carmichael submarket and Sacramento MSA at large is one of the primary beneficiaries of the accelerating wave of suburbanization in the United States . Large numbers of people and the companies they work for are driving increased demand for suburban living and the primary beneficiaries have been secondary markets like Sacramento. Sutter Crossing has the ideal unit mix and location to be poised to benefit from this demographic trend.   All tours must be scheduled through the listing agents. Please do not disturb management or tenants.

Investment Highlights

  • Exclusively Two-Bedroom Floor Plans – Downstairs Units Feature Large Backyards
  • 80 Percent of Interiors Fully Remodeled
  • Brand New Roof, Paint, and Landscaping
  • Highly Desirable Suburban Sacramento Location

Exclusively Listed By

Multifamily

Sutter Crossing

Listing Price: $8,400,000

Cap Rate
4.28%
Number of Units
40
Occupancy
94.1%
Price/Unit
$210,000
Price/Gross SF
$304.88
Gross SF
27,552

Investment Highlights

  • Exclusively Two-Bedroom Floor Plans – Downstairs Units Feature Large Backyards
  • 80 Percent of Interiors Fully Remodeled
  • Brand New Roof, Paint, and Landscaping
  • Highly Desirable Suburban Sacramento Location

Investment Overview

Marcus & Millichap is pleased to present Sutter Crossing Apartments, a beautifully renovated apartment community featuring exclusively two-bedroom floor plans in the affluent community of Carmichael, California. Carmichael is located in suburban Sacramento and is widely known for it’s performing schools, access to the American River Parkway, and desirable neighborhoods. Sutter Crossing is a very short driving distance to some of the regions’ best shopping and recreational opportunities. Current ownership has remodeled 80 percent of the interiors in recent years; remodels that include granite counter tops, LVP flooring, new cabinetry, stainless steel appliances, and upgraded mini split AC systems. Exterior upgrades include a brand new roof, fresh paint, and remodeled landscaping, all done in the 2022 calendar year. Sutter Crossing is also on a unique lot that sits well off the street, providing residents a sense of privacy and an opportunity to enjoy their large backyards in a quiet environment.   The next owner inherits a property that is almost completely turnkey, but also represents a unique value-add opportunity through more aggressive management and following a proven renovation strategy. The Carmichael submarket and Sacramento MSA at large is one of the primary beneficiaries of the accelerating wave of suburbanization in the United States . Large numbers of people and the companies they work for are driving increased demand for suburban living and the primary beneficiaries have been secondary markets like Sacramento. Sutter Crossing has the ideal unit mix and location to be poised to benefit from this demographic trend.   All tours must be scheduled through the listing agents. Please do not disturb management or tenants.

Exclusively Listed By

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