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Multifamily

Amas1 Villas

2043-2045 Wyda Way, Sacramento, CA 95825

Listing Price: $13,500,000

Cap Rate
5.22%
Number of Units
72
GRM
8.97
Occupancy
95.0%
Price/Unit
$187,500

Investment Overview

Amas1 Villas is an excellent opportunity to own an attractive multi-family asset in one of Sacramento's strongest rental submarkets, Arden-Arcade. The property boasts an impressive unit mix of all two-bedroom units except for a single one-bedroom. Macro market lift and recent upgrades to the property have caused rental rates to climb steadily at Amas1 Villas in the past year, with new leases achieving $1,700 per month and $1800 per month for those with in-unit laundry. Units feature updated flooring, countertops, cabinetry and hardware with select units showcasing a washer and dryer, central HVAC and/or small yards and patio spaces. The property has strong curb appeal and visibility, with two separate parking lots behind controlled gated access. Double pane vinyl windows have been installed throughout. Residents enjoy a swimming pool in the rear of the property. Much of the interior landscaping has been converted to "droughtscape," lessening landscape and water bills.

The Sacramento Area has been boasting nationally acclaimed vacancy rates, and the Arden-Arcade submarket joins the list recording a 6.0% vacancy rate for the first quarter of 2024. With limited new construction in the pipeline and steady job growth projected for the region, Amas1 Villas is poised to continue along its current trajectory with minimal vacancy and rising rental rates. Amas1 Villas is a well-managed, attractive opportunity for an investor to purchase into the Sacramento market at a strong return day one with a clear path to continual value-added. Loss to lease erosion alone will add $8,000+ to monthly gross income. All tours are to be scheduled and offers are to be submitted through listing agent.

Investment Highlights

  • Stable Asset with Strong Cash Flow
  • Strong Unit Mix of 99% Two-Bedroom Units
  • Washers and Dryers in Select Units
  • Below Market Interest Rate Assumable Debt

Exclusively Listed By

Multifamily

Amas1 Villas

Listing Price: $13,500,000

Cap Rate
5.22%
Number of Units
72
GRM
8.97
Occupancy
95.0%
Price/Unit
$187,500

Investment Highlights

  • Stable Asset with Strong Cash Flow
  • Strong Unit Mix of 99% Two-Bedroom Units
  • Washers and Dryers in Select Units
  • Below Market Interest Rate Assumable Debt

Investment Overview

Amas1 Villas is an excellent opportunity to own an attractive multi-family asset in one of Sacramento's strongest rental submarkets, Arden-Arcade. The property boasts an impressive unit mix of all two-bedroom units except for a single one-bedroom. Macro market lift and recent upgrades to the property have caused rental rates to climb steadily at Amas1 Villas in the past year, with new leases achieving $1,700 per month and $1800 per month for those with in-unit laundry. Units feature updated flooring, countertops, cabinetry and hardware with select units showcasing a washer and dryer, central HVAC and/or small yards and patio spaces. The property has strong curb appeal and visibility, with two separate parking lots behind controlled gated access. Double pane vinyl windows have been installed throughout. Residents enjoy a swimming pool in the rear of the property. Much of the interior landscaping has been converted to "droughtscape," lessening landscape and water bills. The Sacramento Area has been boasting nationally acclaimed vacancy rates, and the Arden-Arcade submarket joins the list recording a 6.0% vacancy rate for the first quarter of 2024. With limited new construction in the pipeline and steady job growth projected for the region, Amas1 Villas is poised to continue along its current trajectory with minimal vacancy and rising rental rates. Amas1 Villas is a well-managed, attractive opportunity for an investor to purchase into the Sacramento market at a strong return day one with a clear path to continual value-added. Loss to lease erosion alone will add $8,000+ to monthly gross income. All tours are to be scheduled and offers are to be submitted through listing agent.

Exclusively Listed By

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