2520 Northrop Ave - Apartments FOR SALE


Sacramento, CA 95825- Outer Arden-Arcade
$1,405,000 USD
916-724-1294
2520 Northrop Ave, Sacramento, CA for Sale
$1,405,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

2520 Northrop Ave
Sacramento, CA 95825
Outer Arden-Arcade


HIGHLIGHTS

  • Spacious Floorplans - Average Unit Size Approximately 800 Square Feet
  • Excellent South Arden Arcade Location
  • Proven Value Add Opportunity - Select Units Renovated With Vinyl Plank Flooring, New Cabinetry, & Granite Countertops

OVERVIEW

The DeLoney Group of Marcus & Millichap is pleased to present the exclusive opportunity to acquire Northrop Arms, an eight-unit apartment community located at 2520 Northrop Avenue in Sacramento, California. Situated in the desirable south Arden-Arcade submarket, the property offers investors a well-maintained asset with an attractive unit mix, proven rental upside, and additional rental income through a strategic renovation program. Built in 1969, Northrop Arms consists of eight spacious apartment homes featuring an efficient mix of two one-bedroom/one-bathroom units approximately 650 square feet each and six two-bedroom/one-bathroom units approximately 850 square feet each. The larger than average floor plans appeal to a large resident base and broad demographic. Current ownership has completed selective interior renovations throughout the property. Upgraded units feature luxury vinyl plank flooring, granite countertops, refreshed cabinetry, and modern finishes, providing an attractive living environment while allowing a new owner the opportunity to continue renovating the remaining units and capture additional rental upside over time. Northrop Arms enjoys an exceptional south Arden Arcade location with immediate access to major transportation corridors, placing residents within minutes of Sacramento State University, Cal Expo, Kaiser Permanente, Downtown Sacramento, and many of Sacramento's largest employment centers. Northrop Arms represents an excellent opportunity to acquire a stable, well-located apartment community with a desirable unit mix, meaningful value-add potential through continued unit renovations, and strong long-term fundamentals in one of Sacramento's most established rental markets.

FOR SALE DETAILS

PRICE

$1,405,000 USD

PRICE/SF

$234 USD /SF

# OF UNITS

8

PRICE/UNIT

$175,625

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Northrop Arms

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

RD-30

APN/PARCEL ID

294-0022-031

ASK ABOUT THIS PROPERTY

David DeLoneyMarcus & MillichapMore Info
916-724-1294

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David DeLoneyMarcus & MillichapMore Info
916-724-1294

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