1535 Arcade Blvd - Multi-Family FOR SALE


Sacramento, CA 95815- Hagginwood
$900,000 USD
925-878-1218
1535 Arcade Blvd, Sacramento, CA for Sale
$900,000 USD
Multi-Family - FOR SALE
1/32
null | 5.18% Cap Rate

1535 Arcade Blvd
Sacramento, CA 95815
Hagginwood


HIGHLIGHTS

  • Three separate buildings on a large .56 acre parcel
  • Opportunity to permit and occupy Two additional 1Bd/1Ba units
  • Plans for parcel subdivision
  • Recent renovations including new roofs (2021)

OVERVIEW

Marcus & Millichap is pleased to present as exclusive listing agent, a fee simple interest in 1535 Arcade Blvd in Sacramento, California. This fully occupied three-unit multifamily property offers an exceptional opportunity to add value to an already cash-flowing asset, with current annual rental income exceeding $84,000. This property features a large 3-bed, 1-bath main house, a 2-bed, 1-bath secondary house, and a 2-bed, 1-bath cottage. All 3 structures have seen a mix of recent renovations, including flooring, cabinetry, countertops and new roofs. All three roofs were replaced in 2021. Additional revenue can be gained from further development of two non-conforming units. Positioned in a strong rental market, this asset combines immediate and stable cash flow with the opportunity to add significant value. Please do not disturb tenants or management.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$277 USD /SF

# OF UNITS

3

PRICE/UNIT

$300,000

CAP RATE

5.18%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1535 Arcade Blvd

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1912

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

-

APN/PARCEL ID

251-0330-017

ASK ABOUT THIS PROPERTY

Ilya PigmanMarcus & MillichapMore Info
925-878-1218

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Ilya PigmanMarcus & MillichapMore Info
925-878-1218

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.