The DeLoney Group of Marcus & Millichap is pleased to offer Orange Grove Apartments for sale. The 46-unit property is located in Sacramento California and was originally constructed in 1963. The property has seen numerous upgrades over the last several years. The garden style apartment building features a diverse unit mix with 26 One Bedroom / One Bathroom units averaging 650 rentable square feet, and 20 Two Bedroom / One Bathroom units averaging 850 rentable square feet. The average rent on the rent roll today is $1,395/mo. Assuming the remainder of the unrenovated units get upgraded and the next owner collapses all the embedded loss to lease, there’s 9% upside in income pro forma. With most of the units being renovated by the current owner, the new purchaser will inherit a stable operation with continued operational upside in a submarket that isn’t suited for any new construction competition. Most units have seen upgraded granite counter tops, LVP flooring, and new appliances. The large floorplans attract a resident profile that wants to stay longer than the initial lease term. Orange Grove Apartments is conveniently located to the Auburn Blvd exit of Interstate 80, the major thoroughfare in the Sacramento MSA. Residents have ample retail options walking distance to the property but are a short 10-minute drive to both downtown Sacramento and Roseville. Please do not disturb management or residents. All tours must be scheduled through The DeLoney Group. For more information please visit: www.orangegrovelisting.com