2621-2631 Howe Ave - Apartments FOR SALE


Sacramento, CA 95821- Outer Arden-Arcade
$5,699,962 USD
760-593-8710
2621-2631 Howe Ave, Sacramento, CA for Sale
$5,699,962 USD
Apartments - FOR SALE
1/42
null | Request Cap Rate

2621-2631 Howe Ave
Sacramento, CA 95821
Outer Arden-Arcade


HIGHLIGHTS

  • Professionally managed since January 2024
  • $200,000 spent in Capital Improvements since 2024 (17 units rehabbed since 2024)
  • Brand new roof installed in 2021 / 2022
  • Opportunity to Implement RUBS & Capture Loss-to-Lease
  • Less than 5 miles from Downtown / Midtown via CA - 160
  • Close proximity to Howe Bout Arden shopping center, Point West Office Park, Cal Expo, Costco, Sac State University, American River College, Arden Fair

OVERVIEW

Le Commercial Team is pleased to present The Arden Tropical Apartments, a 38 unit multifamily opportunity located a short distance from Downtown Sacramento and only a few minutes drive from the Howe Bout Arden and the Arden Fair shopping centers. Arden Tropical is comprised of two 2-Story buildings on 1.17 acres and features (17) - 1BR/1BA units and (21) - 2BR/1BA units with a new roof installed in 2021 / 2022. Additionally, a new owner has the opportunity to acquire a well-located property and potential upside to capturing loss to lease and implement RUBS / Flat Rate to offset utility expenses. Please do not disturb managers or tenants. Please reach out to listing agent for tours.

FOR SALE DETAILS

PRICE

$5,699,962 USD

PRICE/SF

$202 USD /SF

# OF UNITS

38

PRICE/UNIT

$149,999

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arden Tropical Garden

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

RD40, Sacramento

APN/PARCEL ID

266-0345-018

ASK ABOUT THIS PROPERTY

Tai LePR AdvisorsMore Info
760-593-8710

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Tai LePR AdvisorsMore Info
760-593-8710

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