1860 Ethan Way - Apartments FOR SALE


Sacramento, CA 95825- Outer Arden-Arcade
$2,800,000 USD
530-401-1885
1860 Ethan Way, Sacramento, CA for Sale
$2,800,000 USD
Apartments - FOR SALE
1/24
null | 6.33% Cap Rate

1860 Ethan Way
Sacramento, CA 95825
Outer Arden-Arcade


HIGHLIGHTS

  • Offered at an Attractive Basis of $127,272 Per Unit.
  • 6.33% Current Cap Rate Underwritten to a Realistic 46% Expense Load.
  • Ideally Located Adjacent to the Arden Fair Mall, Cal Expo, Home Depot , and Numerous Major Employers.
  • Fully Gated Community Featuring Onsite Laundry and Ample Parking.
  • Value Add Opportunity Offered Far Below Replacement Cost.

OVERVIEW

ALIVE Commercial Real Estate is pleased to present Ethan Park Place, a 22- unit apartment community ideally situated in Arden-Arcade—one of Sacramento’s most established retail and employment hubs. Originally constructed in 1963 and improved over time, the property sits on 0.68 acres and features 22 well-designed units, a centralized laundry facility, ample onsite parking, and secure gated access. The unit mix consists of (15) one bedroom/one-bathroom and (7) two-bedroom/one-bathroom floor plans, catering to strong and consistent demand from workforce renters seeking affordable, conveniently located housing. Ethan Park Place offers the next owner a well-located, value-add multifamily asset with a stable operating history and multiple avenues for long-term income growth and value enhancement.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$137 USD /SF

# OF UNITS

22

PRICE/UNIT

$127,273

CAP RATE

6.33%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ethan Park Place

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

RD30, Sacramento

APN/PARCEL ID

278-0270-002

ASK ABOUT THIS PROPERTY

Isaac MerrittALIVE Commercial Real EstateMore Info
530-401-1885

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Isaac MerrittALIVE Commercial Real EstateMore Info
530-401-1885

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