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3101 Truax Court, Sacramento, CA

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3101 Truax Court

Sacramento, CA 95821 - Outer Arden-Arcade MF Submarket

Property Type:Multi-Family Number of Units:24 Status:Existing Year Built:1958
Stories:2 Building Size:16,200 SF Land Area:.98 AC (42,689 SF)
For Sale Price:$2,995,000 Price/Unit:$124,791.67 Cap Rate:5.85 % GRM:12.28

Parking:1 Parking Spaces / 1,000 SF

Sale Notes:
This 24 unit garden apartment complex in the Arden Arcade area of Sacramento offers immediate upside with below market rents.
9 two bedroom and 15 one bedroom units are individually metered for gas and electricity, paid by tenants. A nearly one acre lot offers off-street parking for all tenants. Sacramento, and the Arden Arcade area, have experienced strong rent growth in the last few years while vacancies remain at a historic low. As the seat of California's government, Sacramento offers a stable government job base and an expanding private sector. Exceptional job growth has attracted a growing renter population in recent years. The complex is located just miles from several major employers. With close proximity to Highway 80, the location offers easy access to Town and Country Village, Arden Fair Mall, Country Club Plaza and various other shopping and entertainment venues.

Schlatter Realtors
Brigitte Schlatter
(650) 773-3420

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