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Multifamily

Parkside Apartments

6140 Gloria Dr, Sacramento, CA 95831

Listing Price: $6,500,000

Cap Rate
4.52%
Number of Units
28
Occupancy
97.0%
Price/Unit
$232,143
Price/Gross SF
$211.04
Gross SF
30,800

Investment Overview

Parkside Apartments are located in South Land Park area, eight minutes south of downtown Sacramento, an area considered locally to be a premier place to reside. Easy access to I-5, Hwy 50 and I-80 puts you in a great location as residents can conveniently access nearby employment and commercial centers. The gated apartment complex is located across the street from a city fire station and a beautiful park. The park has play structures, basket ball, tennis courts, skate park and picnic areas. The apartment complex consists of seven four-unit buildings. All units are the same size (about 1050-1150 square feet) and two-bedroom/one-and-one-half-bathroom floor plan on the second level. All units have rooftop central HVAC, individually metered electricity, gas and individual electric hot water heaters. All units have fully equipped kitchens with a pantry, natural lighting, huge closets, private patios and designer features throughout. Residents enjoy many community benefits such as a refreshing swimming pool, assigned covered parking, and two laundry rooms.

Investment Highlights

  • Premier Location in South Land Park Area, Eight Minutes South of Downtown Sacramento, Easy Access to I-5, Hwy 50 and I-80
  • Across the Street From a City Fire Station and the Reichmuth Park
  • Gated Community with Pool, Two Laundry Rooms, Covered Parking
  • Individually Metered Electricity, Gas and Water Heaters for Each Unit

Exclusively Listed By

Listing Price: $6,500,000

Cap Rate
4.52%
Number of Units
28
Occupancy
97.0%
Price/Unit
$232,143
Price/Gross SF
$211.04
Gross SF
30,800

Investment Highlights

  • Premier Location in South Land Park Area, Eight Minutes South of Downtown Sacramento, Easy Access to I-5, Hwy 50 and I-80
  • Across the Street From a City Fire Station and the Reichmuth Park
  • Gated Community with Pool, Two Laundry Rooms, Covered Parking
  • Individually Metered Electricity, Gas and Water Heaters for Each Unit

Investment Overview

Parkside Apartments are located in South Land Park area, eight minutes south of downtown Sacramento, an area considered locally to be a premier place to reside. Easy access to I-5, Hwy 50 and I-80 puts you in a great location as residents can conveniently access nearby employment and commercial centers. The gated apartment complex is located across the street from a city fire station and a beautiful park. The park has play structures, basket ball, tennis courts, skate park and picnic areas. The apartment complex consists of seven four-unit buildings. All units are the same size (about 1050-1150 square feet) and two-bedroom/one-and-one-half-bathroom floor plan on the second level. All units have rooftop central HVAC, individually metered electricity, gas and individual electric hot water heaters. All units have fully equipped kitchens with a pantry, natural lighting, huge closets, private patios and designer features throughout. Residents enjoy many community benefits such as a refreshing swimming pool, assigned covered parking, and two laundry rooms.

Exclusively Listed By

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