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Multifamily

Ambassador Gardens

1720 N St, Sacramento, CA 95811

Listing Price: $4,109,000

Cap Rate
3.09%
Number of Units
14
Occupancy
100.0%
Price/Unit
$293,500
Price/Gross SF
$512.66
Gross SF
8,015

Investment Overview

Marcus & Millichap is pleased to present Ambassador Gardens, a charming apartment community located in Sacramento's highly desirable Midtown community. The property features studios, one-bedroom/one-bathroom, two-bedroom/one-bathroom, and three-bedroom/1.5-bathroom style ?oorplans. Located one block away from Sacramento's 16th Street entertainment corridor, Ambassador Gardens is poised to bene?t from recent demographics trends that show young singles moving back into urban cores as post COVID-19 normalcy returns. The property is within a five minute walking distance to the regions most popular restaurants, bars, and boutique shops. The property is also located 2.5 blocks from the California State Capitol, the epicenter of Sacramento's employment district. Comparable sets in the neighborhood suggest current in place rents at Ambassador Gardens are roughly 20 percent under market. Through interior renovations, the markets suggest even higher rental rates are achievable. As coastal Californians continue to move east and accelerate Sacramento’s renaissance, Ambassador Gardens represent a unique investment opportunity to purchase 14 charming apartments units in the heart of the of the fastest growing city in the state. Please do not disturb management or residents. All tours must be scheduled with listing agents.

Investment Highlights

  • Irreplaceable Location - Heart of Sacramento's Entertainment and Employment Core
  • Submarket and Renting Demographic Strongly Supports Huge Upside in Rents on Turnover with Interior Renovations
  • Off -Street Parking and On-Site Laundry Facility

Exclusively Listed By

Listing Price: $4,109,000

Cap Rate
3.09%
Number of Units
14
Occupancy
100.0%
Price/Unit
$293,500
Price/Gross SF
$512.66
Gross SF
8,015

Investment Highlights

  • Irreplaceable Location - Heart of Sacramento's Entertainment and Employment Core
  • Submarket and Renting Demographic Strongly Supports Huge Upside in Rents on Turnover with Interior Renovations
  • Off -Street Parking and On-Site Laundry Facility

Investment Overview

Marcus & Millichap is pleased to present Ambassador Gardens, a charming apartment community located in Sacramento's highly desirable Midtown community. The property features studios, one-bedroom/one-bathroom, two-bedroom/one-bathroom, and three-bedroom/1.5-bathroom style ?oorplans. Located one block away from Sacramento's 16th Street entertainment corridor, Ambassador Gardens is poised to bene?t from recent demographics trends that show young singles moving back into urban cores as post COVID-19 normalcy returns. The property is within a five minute walking distance to the regions most popular restaurants, bars, and boutique shops. The property is also located 2.5 blocks from the California State Capitol, the epicenter of Sacramento's employment district. Comparable sets in the neighborhood suggest current in place rents at Ambassador Gardens are roughly 20 percent under market. Through interior renovations, the markets suggest even higher rental rates are achievable. As coastal Californians continue to move east and accelerate Sacramento’s renaissance, Ambassador Gardens represent a unique investment opportunity to purchase 14 charming apartments units in the heart of the of the fastest growing city in the state. Please do not disturb management or residents. All tours must be scheduled with listing agents.

Exclusively Listed By

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