Investment Overview

The DeLoney Group at Marcus & Millichap at Marcus & Millichap has been hired to list for sale fee simple interest in Sacramento, CA. The asset was built in 1954 and is comprised entirely of 1BD 1BA units and is situated on two separate parcels. In the past 36 months ownership has put on a brand new roof, painted the exterior of the property, upgraded electrical panels and installed double pane windows. With tasteful interior upgrades the new owner could significantly push NOI into above-average returns for suburban Sacramento. Each parcel has its own swimming pool and the new owner may conclude that abandoning one in favor of adding more parking. There are also two large grassy areas at the back of the property that could also be improved to include things like a dog park, even more parking and shaded BBQ areas. This will help improve leasing and tenant retention. Do not disturb management. A listing agent must be present in order to tour the property.