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Multifamily

Plumtree

3624-3634 Auburn Blvd, Sacramento, CA 95821

Listing Price: $3,950,000

Cap Rate
5.46%
Number of Units
20
GRM
11.19
Occupancy
100.0%
Price/Unit
$197,500
Price/Gross SF
$261.24
Gross SF
15,120

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for Plumtree Apartments a 20-Unit Apartment Complex located in the Arden-Arcade area of Sacramento. This site consists of (5) Fourplex-style buildings and covered parking throughout. All 20 units are 2 bedroom/1 bath, and each unit offers in-unit laundry. Some of the units have been upgraded with roughly half of the downstairs units having laminate flooring throughout, and all of the upstairs units have laminate flooring in the kitchen and carpet in the bedrooms. With an average rent of $1,471 and market rents of approximately $1,700, Plumtree Apartments' value-add component allows an investor to continue raising rents in tandem with Sacramento's rising rental market.

Plumtree Apartments is just 1/4 mile from Interstate 80 and the Capital City Freeway. The biggest features of the Arden Arcade area are the Cal Expo Fairgrounds, which also houses the Sacramento Republic FC soccer club's Papa Murphy's Park, and the sprawling Arden Fair Mall, which houses numerous national retailers, restaurants and is surrounded by a host of other restaurants and developments.

Investment Highlights

  • Strong Unit Mix of all Two-Bedroom/One-Bathroom
  • All Units Feature Full Size In-Unit Laundry
  • Upside in Rents for Value-Add Play

Exclusively Listed By

Listing Price: $3,950,000

Cap Rate
5.46%
Number of Units
20
GRM
11.19
Occupancy
100.0%
Price/Unit
$197,500
Price/Gross SF
$261.24
Gross SF
15,120

Investment Highlights

  • Strong Unit Mix of all Two-Bedroom/One-Bathroom
  • All Units Feature Full Size In-Unit Laundry
  • Upside in Rents for Value-Add Play

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for Plumtree Apartments a 20-Unit Apartment Complex located in the Arden-Arcade area of Sacramento. This site consists of (5) Fourplex-style buildings and covered parking throughout. All 20 units are 2 bedroom/1 bath, and each unit offers in-unit laundry. Some of the units have been upgraded with roughly half of the downstairs units having laminate flooring throughout, and all of the upstairs units have laminate flooring in the kitchen and carpet in the bedrooms. With an average rent of $1,471 and market rents of approximately $1,700, Plumtree Apartments' value-add component allows an investor to continue raising rents in tandem with Sacramento's rising rental market. Plumtree Apartments is just 1/4 mile from Interstate 80 and the Capital City Freeway. The biggest features of the Arden Arcade area are the Cal Expo Fairgrounds, which also houses the Sacramento Republic FC soccer club's Papa Murphy's Park, and the sprawling Arden Fair Mall, which houses numerous national retailers, restaurants and is surrounded by a host of other restaurants and developments.

Exclusively Listed By

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