Newmark, as exclusive advisor, is pleased to present the opportunity to acquire The Edge Apartments, a 108-unit value-add multifamily community located at 6500 47th Avenue, Sacramento, California.
The Edge Apartments represents a rare opportunity to acquire a 1994-vintage value-add asset in Sacramento’s South Sacramento submarket. The property offers exceptional connectivity to Downtown Sacramento, the region’s largest employment center, as well as the rapidly growing City of Elk Grove, home to major employers including Apple, Siemens, and Kaiser Permanente. Convenient access to Highway 99 and regional transportation further enhances the property’s long-term appeal.
The community distinguishes itself from competing properties through its highly functional floor plans and desirable amenities, including spacious two-bedroom/two-bathroom layouts, vaulted ceilings in select upstairs units, nine-foot ceilings, and in-unit washer and dryer hookups in select apartments.
The Edge presents a compelling value-add investment opportunity with multiple avenues for revenue growth. The next owner can unlock significant upside through more focused ownership, capturing existing loss-to-lease, full RUBS penetration, and executing a strategic unit interior and common area renovation program to further enhance rents and overall asset value.
*All tours must be scheduled through the listing agents*