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2621 Howe Avenue - Arden Tropical Garden, Sacramento, CA

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2621 Howe Avenue - Arden Tropical Garden

Sacramento, CA 95821-5547 - Outer Arden-Arcade MF Submarket

Property Type:Multi-Family Number of Units:38 Status:Existing Year Built:1979
Stories:2 Building Size:28,200 SF Land Area:1.17 AC (50,965 SF)
For Sale Price:$3,100,000 Price/Unit:$81,578.95 Cap Rate:5.71 % GRM:9.13

Parking:1.84 Parking Spaces / 1,000 SF

Property Description: Multi Family - 38 Units

Sale Notes:
Controlled Gated Access.
Strong Unit Mix of 58% Two-Bedroom Units.
All Units Renovated with Granite Countertops.
One Mile to Arden Fair Regional Mall & Freeway Access.
10 Minute Drive to Downtown Sacramento.
Over 7% Income Upside Through Loss to Lease Recapture.

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

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