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Multifamily

The Sandpiper

3535 Marconi Ave, Sacramento, CA 95821

Listing Price: $15,000,000

Cap Rate
5.65%
Number of Units
80
GRM
9.62
Occupancy
95.0%
Price/Unit
$187,500
Price/Gross SF
$241.80
Gross SF
62,034

Investment Overview

Sandpiper Apartments offers investors an opportunity to step into a stable, well-run operation on 80 units in the Arden-Arcade submarket in the Unincorporated County of Sacramento. The property sits atop 2.8 acres with parking along the exterior of the property and unit entrances facing an interior courtyard that has been tastefully landscaped. Inside the apartments, residents are treated to spacious floor plans, private balconies and patios, dishwashers, central HVAC, double pane windows, and select units with hood-mounted microwaves. On turnover, units have been upgraded to include LVT plank flooring, resurfaced countertops, and painted cabinets with new hardware.

Sandpiper Apartments orients to the major suburban intersection of Watt Avenue and Marconi Avenue in the Arden-Arcade submarket. The location provides rapid access to all of Sacramento's major freeways and is even more convenient to shopping with a Raley's Supermarket across the street to the south. While the strategic location is a driver of rental demand and traffic, the property is set back on a deep lot with one gated entrance from Marconi Avenue. The result is a quiet and clean ambiance without sacrificing convenience to nearby amenities.

Please contact listing agents to schedule a tour of Sandpiper Apartments. Do not disturb management.

Investment Highlights

  • Stable, well-run property in Arden-Arcade
  • Upgraded interiors in select units
  • Gated access with nearby amenities

Exclusively Listed By

Multifamily

The Sandpiper

Listing Price: $15,000,000

Cap Rate
5.65%
Number of Units
80
GRM
9.62
Occupancy
95.0%
Price/Unit
$187,500
Price/Gross SF
$241.80
Gross SF
62,034

Investment Highlights

  • Stable, well-run property in Arden-Arcade
  • Upgraded interiors in select units
  • Gated access with nearby amenities

Investment Overview

Sandpiper Apartments offers investors an opportunity to step into a stable, well-run operation on 80 units in the Arden-Arcade submarket in the Unincorporated County of Sacramento. The property sits atop 2.8 acres with parking along the exterior of the property and unit entrances facing an interior courtyard that has been tastefully landscaped. Inside the apartments, residents are treated to spacious floor plans, private balconies and patios, dishwashers, central HVAC, double pane windows, and select units with hood-mounted microwaves. On turnover, units have been upgraded to include LVT plank flooring, resurfaced countertops, and painted cabinets with new hardware. Sandpiper Apartments orients to the major suburban intersection of Watt Avenue and Marconi Avenue in the Arden-Arcade submarket. The location provides rapid access to all of Sacramento's major freeways and is even more convenient to shopping with a Raley's Supermarket across the street to the south. While the strategic location is a driver of rental demand and traffic, the property is set back on a deep lot with one gated entrance from Marconi Avenue. The result is a quiet and clean ambiance without sacrificing convenience to nearby amenities. Please contact listing agents to schedule a tour of Sandpiper Apartments. Do not disturb management.

Exclusively Listed By

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