Investment Overview

Marcus & Millichap is pleased to present Sundance Garden, a well maintained 40 unit multifamily community situated across two parcels and benefiting from extensive interior and exterior renovations. The property offers a diverse unit mix consisting of 2 studios, 10 one bedroom units, and 28 two bedroom units. 33 units have been upgraded with improvements such as LVT flooring, granite countertops, new cabinetry, and stainless steel appliances. Exterior improvements include refreshed landscaping designed for low maintenance operation and new exterior paint. The property also provides 40 surface parking spaces, offering each resident an assigned stall. A new owner has the opportunity to complete the renovation program on the remaining seven units and capture additional rent upside. Current average in place rents trail conservative market rents by approximately $184/Unit, supported by proven pro forma rents within the existing rent roll. Sundance Garden presents a stable asset with a light value add component and a straightforward path for improving income and operations. Property tours are available exclusively through the listing agents.