Investment Overview

Marcus & Millichap is please to offer for sale for the first time in more than 30 years???????, a 64-unit apartment community in the heart of the dynamic Arden-Arcade submarket of Sacramento, California. The property features a single, generous 1005sqft townhouse floorplan for all 64 units plus in-unit laundry; nearby comps suggest upside in rents with upgraded interiors on tradeouts.  Residents at The Pointe Townhomes are attracted to the community for it's large and spacious townhouse style units with no upstairs neighbors and in-unit laundry. Investors also value these townhouses because there are no upstairs balconies to consider. At a density of approximately 23 units/acre and beautiful palm trees lining the central corridor behind a gated entry, the ambience is exceptional. The Pointe Townhomes is perched at the southeast corner of the "Howe Bout Arden" intersection in the unincorporated portion of Sacramento county. Immediately to the west of the property is the "Howe Bout Arden" retail center that was redeveloped in 2015. Less than a mile beyond that is the Arden Fair Mall. To the south approximately 2 miles away is CSU Sacramento and a convenient drive along Hwy160 or Business 80 drops into Downtown Sacramento. Residents in this location enjoy the convenience of having employment, entertainment and shopping all with a small radius of the property plus the added benefit of being close to all of Sacramento's major freeways.