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Multifamily

Oak Tree

2329 Villanova Cir, Sacramento, CA 95825

Listing Price: $1,780,000

Cap Rate
4.04%
Number of Units
10
Occupancy
100.0%
Price/Unit
$178,000
Price/Gross SF
$211.73
Gross SF
8,407

Investment Overview

Marcus & Millichap is pleased to exclusively list Oak Tree, a unique 10-unit apartment community located in the highly desirable south end of the Arden - Arcade sub market of Sacramento, California. The property features all two-bedroom/one-bathroom units that average 850 Square Feet. The next owner of Oak Tree will enjoy an opportunity to add value in one of the most lucrative rental areas in the City of Sacramento, one of the countries hottest rental markets. Competitive sets in the neighborhood suggest that there is a 25 percent loss-to-lease on the rent roll through interior renovations. The south Arden - Arcade sub market is widely considered to be attractive due to the locations proximity to entertainment options, some of the area's finest restaurants, employment, and some of the most charming neighborhoods in the region. More specifically, residents will enjoy being within a 5-10 minute drive to Arden Fair Mall, Lohemanns Plaza, Downtown Sacramento, Cal Expo, the American River Parkway, and California State University, Sacramento. The immediate access to Sacramento's entertainment and employment scene positions Oak Tree to capture some of the highest rents in suburban Sacramento. Proven rent levels at Villa Rose, as well as the rents of competing properties a stone throw away from Villa Rosa, provide clear evidence that this offering is a value-add opportunity. Through continuing the current strategy of raising rents to market and through an appropriate interior renovation strategy, the next investor can expect to push cash on cash return close to 10 percent. Industry research suggests that the Sacramento region will once again be among the nations leaders in rent growth due to population growth and a lack of new apartment construction throughout the region, and especially suburban Sacramento. All tours must be scheduled with listing agents. Please do not disturb tenants or management.

Investment Highlights

  • Great Unit Mix - 100 Percent Two-Bedroom Units
  • Convenient Location - Minutes to Downtown Sacramento, CSUS, and Arden Fair Mall
  • Value-Add Opportunity - Major Upside Through Interior Renovation and Aggressive Management

Exclusively Listed By

Listing Price: $1,780,000

Cap Rate
4.04%
Number of Units
10
Occupancy
100.0%
Price/Unit
$178,000
Price/Gross SF
$211.73
Gross SF
8,407

Investment Highlights

  • Great Unit Mix - 100 Percent Two-Bedroom Units
  • Convenient Location - Minutes to Downtown Sacramento, CSUS, and Arden Fair Mall
  • Value-Add Opportunity - Major Upside Through Interior Renovation and Aggressive Management

Investment Overview

Marcus & Millichap is pleased to exclusively list Oak Tree, a unique 10-unit apartment community located in the highly desirable south end of the Arden - Arcade sub market of Sacramento, California. The property features all two-bedroom/one-bathroom units that average 850 Square Feet. The next owner of Oak Tree will enjoy an opportunity to add value in one of the most lucrative rental areas in the City of Sacramento, one of the countries hottest rental markets. Competitive sets in the neighborhood suggest that there is a 25 percent loss-to-lease on the rent roll through interior renovations. The south Arden - Arcade sub market is widely considered to be attractive due to the locations proximity to entertainment options, some of the area's finest restaurants, employment, and some of the most charming neighborhoods in the region. More specifically, residents will enjoy being within a 5-10 minute drive to Arden Fair Mall, Lohemanns Plaza, Downtown Sacramento, Cal Expo, the American River Parkway, and California State University, Sacramento. The immediate access to Sacramento's entertainment and employment scene positions Oak Tree to capture some of the highest rents in suburban Sacramento. Proven rent levels at Villa Rose, as well as the rents of competing properties a stone throw away from Villa Rosa, provide clear evidence that this offering is a value-add opportunity. Through continuing the current strategy of raising rents to market and through an appropriate interior renovation strategy, the next investor can expect to push cash on cash return close to 10 percent. Industry research suggests that the Sacramento region will once again be among the nations leaders in rent growth due to population growth and a lack of new apartment construction throughout the region, and especially suburban Sacramento. All tours must be scheduled with listing agents. Please do not disturb tenants or management.

Exclusively Listed By

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