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2043 - 2045 Wyda Way - Bradford Pointe Apartments, Sacramento, CA

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2043 - 2045 Wyda Way - Bradford Pointe Apartments

Sacramento, CA 95825-0977 - Outer Arden-Arcade MF Submarket

Property Type:Multi-Family Number of Units:72 Status:Existing Year Built:1970
Stories:2 Building Size:55,800 SF Land Area:2.32 AC (101,059 SF)
For Sale Price:$7,050,000 Price/Unit:$97,916.67 Cap Rate:5.91 % GRM:-

Parking:1.04 Parking Spaces / 1,000 SF

Property Description: Multi Family - 72 Units

Sale Notes:
Marcus & Millichap is pleased to offer on an exclusive basis the Arden Villas Apartments, an attractive, recently renovated 72-unit apartment community in the heart of the Arden submarket.

Upgrades include new flooring, adding washers and dryers to interiors, new paint, double pane windows, "droughtscape" landscaping, etc. A handful of units are upgraded to central HVAC and/or with a backyard/patio living space. Prospective residents are welcomed in with an attractive facade facing Wyda Way with a standalone professional leasing office front and center. New renters are flocking to the area and looking for housing that is near all major conveniences like shopping, grocery stores, entertainment, freeways and jobs.

The Arden-Arcade submarket recorded a 1.6% vacancy rate in the 2nd quarter of 2016; Arden Villas leasing staff pre-leases units weeks in advance of move-outs. Historically low interest rates on debt are still available and an investor should be able to leverage their money into double digit returns at Arden Villas with very minimal capital expenditures needed. See photos and request an offering memorandum from listing agent for further information.

Marcus & Millichap Inc
Anthony DeLoney
(916) 724-1363

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