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Multifamily

Alta Redwood Terrace

6815 24th St, Sacramento, CA 95822

Listing Price: $8,100,000

Cap Rate
2.93%
Number of Units
42
Occupancy
97.0%
Price/Unit
$192,857

Investment Overview

Marcus & Millichap is pleased to present the Alta Redwood Terrace Apartments, a well-located 42-unit multi-housing community in Sacramento, California. Alta Redwood Terrace was constructed in 1964 and was remodeled over the last several years. The Alta Redwood Terrace community additionally offers its residents a separate professional leasing office, laundry facility, private enclosed patios, fireplaces, garbage disposals, microwaves, electric stove/ovens, air-conditioning, oversized closets, and a children's play area. The complex is situated near Woodbine Elementary School, and backs up to beautiful views of Woodbine Park. Rents are continually being pushed and RUBS utility charges are continuing their path to full penetration. With a property large enough to capitalize on the shortage of supply in apartments/housing nearby, this investment property represents an excellent opportunity for yield in California's Capitol city.

Investment Highlights

  • Value Add Opportunity- Current Rents Below Market
  • Well-Maintained Asset
  • RUBS Implementation

Exclusively Listed By

Multifamily

Alta Redwood Terrace

Listing Price: $8,100,000

Cap Rate
2.93%
Number of Units
42
Occupancy
97.0%
Price/Unit
$192,857

Investment Highlights

  • Value Add Opportunity- Current Rents Below Market
  • Well-Maintained Asset
  • RUBS Implementation

Investment Overview

Marcus & Millichap is pleased to present the Alta Redwood Terrace Apartments, a well-located 42-unit multi-housing community in Sacramento, California. Alta Redwood Terrace was constructed in 1964 and was remodeled over the last several years. The Alta Redwood Terrace community additionally offers its residents a separate professional leasing office, laundry facility, private enclosed patios, fireplaces, garbage disposals, microwaves, electric stove/ovens, air-conditioning, oversized closets, and a children's play area. The complex is situated near Woodbine Elementary School, and backs up to beautiful views of Woodbine Park. Rents are continually being pushed and RUBS utility charges are continuing their path to full penetration. With a property large enough to capitalize on the shortage of supply in apartments/housing nearby, this investment property represents an excellent opportunity for yield in California's Capitol city.

Exclusively Listed By

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