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Multifamily

Plumtree Apartments

3624-3634 Auburn Blvd, Sacramento, CA 95821

Listing Price: $3,000,000

Cap Rate
4.00%
Number of Units
20
Occupancy
97.0%
Price/Unit
$150,000
Price/Gross SF
$198.41
Gross SF
15,120

Investment Overview

** SELLER IS NOT LOOKING AT OFFERS UNTIL JULY 1ST ** Marcus & Millichap is pleased to present the exclusive listing for Plumtree Apartments a 20-Unit Apartment Complex located in the Arden-Arcade area of Sacramento. This site consists of five fourplex-style buildings and covered parking throughout. All 20 units are two-bedroom/one-bathroom, and each unit offers in-unit laundry. Some of the units have been upgraded with roughly half of the downstair units having laminate flooring throughout, and all of the upstair units have laminate flooring in kitchen and carpet in the bedrooms. Plumtree Apartments' rents are substantially below market rents in the area and offers the investor a unique opportunity to participate in Sacramento's rent increases while also bringing under-market rents up year-after-year. With conservative projections, Plumtree Apartments is a double-digit cash-on-cash return within two to four years. Plumtree Apartments is just 1/4 mile from Interstate 80 and the Capital City Freeway. The biggest features of the Arden Arcade area are the Cal Expo Fairgrounds, which also houses the Sacramento Republic FC soccer club's Papa Murphy's Park, and the sprawling Arden Fair Mall, which houses numerous national retailers, restaurants and is surrounded by a host of other restaurants and developments.

Investment Highlights

  • All Units are Two-Bedroom and Feature In-Unit Laundry
  • Rent Average of Less than $1,000 with Community-Demonstrated Potential of $1,350+
  • ProForma Cap Rate of Seven Percent+ with Conservative Two-to-Four Year Projection

Exclusively Listed By

Financing By

Multifamily

Plumtree Apartments

Listing Price: $3,000,000

Cap Rate
4.00%
Number of Units
20
Occupancy
97.0%
Price/Unit
$150,000
Price/Gross SF
$198.41
Gross SF
15,120

Investment Highlights

  • All Units are Two-Bedroom and Feature In-Unit Laundry
  • Rent Average of Less than $1,000 with Community-Demonstrated Potential of $1,350+
  • ProForma Cap Rate of Seven Percent+ with Conservative Two-to-Four Year Projection

Investment Overview

** SELLER IS NOT LOOKING AT OFFERS UNTIL JULY 1ST ** Marcus & Millichap is pleased to present the exclusive listing for Plumtree Apartments a 20-Unit Apartment Complex located in the Arden-Arcade area of Sacramento. This site consists of five fourplex-style buildings and covered parking throughout. All 20 units are two-bedroom/one-bathroom, and each unit offers in-unit laundry. Some of the units have been upgraded with roughly half of the downstair units having laminate flooring throughout, and all of the upstair units have laminate flooring in kitchen and carpet in the bedrooms. Plumtree Apartments' rents are substantially below market rents in the area and offers the investor a unique opportunity to participate in Sacramento's rent increases while also bringing under-market rents up year-after-year. With conservative projections, Plumtree Apartments is a double-digit cash-on-cash return within two to four years. Plumtree Apartments is just 1/4 mile from Interstate 80 and the Capital City Freeway. The biggest features of the Arden Arcade area are the Cal Expo Fairgrounds, which also houses the Sacramento Republic FC soccer club's Papa Murphy's Park, and the sprawling Arden Fair Mall, which houses numerous national retailers, restaurants and is surrounded by a host of other restaurants and developments.

Exclusively Listed By

Financing By

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