4730 Marconi Ave - Apartments FOR SALE


Carmichael, CA 95608
$11,600,000 USD
916-798-7498
4730 Marconi Ave, Carmichael, CA for Sale
$11,600,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

4730 Marconi Ave
Carmichael, CA 95608


HIGHLIGHTS

  • Assumable Fixed Rate Debt at 3.95%
  • 34 Fully Renovated Units / 20 Partially Updated Units
  • Average Rent Increased More Than 33% since October 2020
  • Well Balanced Unit Mix of 56% 1BR and 44% 2BR Units
  • Outstanding Regional and Submarket Location

OVERVIEW

Marconi Meadows is a 64-unit, well-maintained community located in the California Capital region of Sacramento County. The asset offers new ownership a strong performing property with a desirable unit mix in an outstanding location, with strong income and occupancy history. Constructed in two phases (24-units in the late 50's and 40-units in the mid 80's), Marconi Meadows is situated in Sacramento's Carmichael submarket, a centralized area in the heart of this region boasting an impressive 95.1% occupancy rate as of Q4-2024. Renovation efforts at the property over the past few years have resulted in 34 units being completely renovated and an additional 20 units being partially updated.

FOR SALE DETAILS

PRICE

$11,600,000 USD

PRICE/SF

$258 USD /SF

# OF UNITS

64

PRICE/UNIT

$181,250

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Marconi Meadows Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

99

LAND DETAILS

LAND ACRES

2.08 AC

LAND SF

90,605 SF

ZONING

RD30, Sacramento

APN/PARCEL ID

271-0170-029

ASK ABOUT THIS PROPERTY

Brian NelsonAvalon Commercial, Inc.More Info
916-798-7498

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

Brian NelsonAvalon Commercial, Inc.More Info
916-798-7498

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