3116-3120 Howe Ave - Apartments FOR SALE


Sacramento, CA 95821- Outer Arden-Arcade
$3,700,000 USD
415-724-4364
3116-3120 Howe Ave, Sacramento, CA for Sale
$3,700,000 USD
Apartments - FOR SALE
1/3
null | 7.78% Cap Rate

3116-3120 Howe Ave
Sacramento, CA 95821
Outer Arden-Arcade


HIGHLIGHTS

  • Stabilized Asset with Upside Potential
  • Completely Remodeled Exterior and Interior
  • Highly Desirable Arden-Arcade Submarket of Sacramento

OVERVIEW

Golden Tee Apartments offers investors the rare opportunity to acquire a well-maintained 25-unit multifamily community located in the highly desirable Arden-Arcade submarket of Sacramento. Situated along the prominent Howe Avenue corridor, the property benefits from exceptional visibility, strong tenant demand, and convenient access to the region's largest employment, retail, and healthcare centers. The property's central location places residents within minutes of Arden Fair Mall, California State University, Sacramento, Kaiser Permanente Medical Center, Cal Expo, and the Business 80 and Highway 50 freeway corridors. This highly accessible location continues to attract a diverse renter base seeking proximity to employment, education, shopping, dining, and entertainment. Golden Tee Apartments presents investors with the opportunity to acquire a stable cash-flowing asset while capitalizing on continued rental growth and operational upside. The property's attractive unit mix, established occupancy, and desirable location position it well for both long-term appreciation and strategic value enhancement through interior renovations and income optimization.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$287 USD /SF

# OF UNITS

25

PRICE/UNIT

$148,000

CAP RATE

7.78%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Golden Tee Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

RD30

APN/PARCEL ID

266-0032-022

ASK ABOUT THIS PROPERTY

Vladimir LogvinovNewage Realty & MortgageMore Info
415-724-4364

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Vladimir LogvinovNewage Realty & MortgageMore Info
415-724-4364

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