Multifamily

Edison Oaks Apartments

3405 Hidden Oak Ct, Sacramento, CA 95821

Listing Price: $2,200,000

Cap Rate
4.81%
Number of Units
12
GRM
13.02
Occupancy
100.00%
Price/Unit
$183,333
Price/Gross SF
$232.80
Gross SF
9,450

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale a multifamily (garden/low-rise) asset with a total of 12 units. The market generally classifies the subject as a standard investment property. The subject consists of one-bedroom, two-bedroom, and three-bedroom units. The most notable physical strength of the subject is its steady rental collections. Investors would be most attracted to the subject due to its low vacancy rate.

The property is in an established area of Sacramento, California. The subjects market area is anticipated to have growth in the upcoming few years. Residential uses present in the subjects immediate area include both single-family and multi-family development. Retail and commercial development are located in the immediate area along major thoroughfares such as Edison Avenue, Auburn Boulevard, and Fulton Avenue. The subject is well located within its neighborhood and within Sacramento, with respect to the neighboring highways.

Investment Highlights

  • Recently Renovated
  • New Roof
  • New Air Conditioning Units
  • Nine of 12 Units Renovated
  • Located at the End of a Cul-de-sac
  • Low Turnover

Exclusively Listed By

Listing Price: $2,200,000

Cap Rate
4.81%
Number of Units
12
GRM
13.02
Occupancy
100.00%
Price/Unit
$183,333
Price/Gross SF
$232.80
Gross SF
9,450

Investment Highlights

  • Recently Renovated
  • New Roof
  • New Air Conditioning Units
  • Nine of 12 Units Renovated
  • Located at the End of a Cul-de-sac
  • Low Turnover

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale a multifamily (garden/low-rise) asset with a total of 12 units. The market generally classifies the subject as a standard investment property. The subject consists of one-bedroom, two-bedroom, and three-bedroom units. The most notable physical strength of the subject is its steady rental collections. Investors would be most attracted to the subject due to its low vacancy rate.

The property is in an established area of Sacramento, California. The subjects market area is anticipated to have growth in the upcoming few years. Residential uses present in the subjects immediate area include both single-family and multi-family development. Retail and commercial development are located in the immediate area along major thoroughfares such as Edison Avenue, Auburn Boulevard, and Fulton Avenue. The subject is well located within its neighborhood and within Sacramento, with respect to the neighboring highways.

Exclusively Listed By

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