3701 Morse Ave - Apartments FOR SALE


Sacramento, CA 95821- Outer Arden-Arcade
$1,025,000 USD
916-224-9808
3701 Morse Ave, Sacramento, CA for Sale
$1,025,000 USD
Apartments - FOR SALE
1/14
null | 6.02% Cap Rate

3701 Morse Ave
Sacramento, CA 95821
Outer Arden-Arcade


HIGHLIGHTS

  • All 2bed/1bathroom units
  • Remodeled apartments
  • Newer breakers in each unit
  • Roof replaced two years ago
  • Water heater is new
  • Decks recently inspected

OVERVIEW

Colliers is pleased to present 3701 Morse Ave, a 6-unit apartment complex located in the Arden/Arcade submarket in Sacramento. The property consists of all 2bed/1bathroom units that are approximately 634 square feet each. All units have been updated over time with new cabinets, counter tops, appliances, and vanities. There is wood laminate flooring throughout the main living area and bathroom with carpet in each bedroom. The kitchen features an electric stove, refrigerator and dishwasher with garbage disposals under the sink. Each unit has wall heat and air conditioning with residents responsible for all utilities inside their living space. Residents also have on-site laundry and off-street parking. The main water heater was recently replaced in 2025, and a new roof was put on two years ago. All subpanels have been updated with Arch Fault Tamper Breakers and Sacramento County was at the property one year ago completing the permit for the stairs. A new owner will benefit by implementing a Ratio Utility Billing System (RUBS) to pass on a portion of the sewer, water, and garbage charges to new residents. This has become a common practice in California and these charges typically range from $25-75 per unit in addition to residents’ standard monthly rent payment. The Morse Avenue apartments are situated on Morse Ave between Edison Ave and Auburn Blvd. Tenants have proximity to Town & Country Village, an iconic shopping center in Sacramento that opened in 1946, which is less than 1.5 miles from the property or 7 minutes by car. This center is anchored by Trader Joe’s, Sprouts Farmers Market, Five Below, Ross Dress for Less, and Ulta Beauty. Del Paso Country Club has operated for more than 100 years with a 1.3 mile drive to the main gate. Residents can enjoy shopping and dining at the Arden Fair Shopping Mall and Howe Bout Arden in under 15 minutes. As tenants are ready to leave the vibrant Arden/Arcade area they can access the entire Sacramento region via Business-80 at both Fulton Ave and Watt Ave in under 5 minutes. Once on the Highway, tenants can explore everything great about Downtown Sacramento including the Golden 1 Center or up to Placer County for a wide range of outdoor activities, Westfield Galleria Shopping Mall, or other shopping and dining experiences.

FOR SALE DETAILS

PRICE

$1,025,000 USD

PRICE/SF

$278 USD /SF

# OF UNITS

6

PRICE/UNIT

$170,833

CAP RATE

6.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

RD20, Sacramento

APN/PARCEL ID

254-0060-025

ASK ABOUT THIS PROPERTY

Aaron FrederickColliersMore Info
916-224-9808

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Aaron FrederickColliersMore Info
916-224-9808

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