916-569-2340
6500 47th St, Sacramento, CA for Sale
Apartments - FOR SALE
1/37
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6500 47th St
Sacramento, CA 95823
Parkway-South Sacramento


OVERVIEW

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*

FOR SALE DETAILS

PRICE

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# OF UNITS

108

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Edge on 47th

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1994

PARKING SPACES

174

LAND DETAILS

LAND ACRES

5.42 AC

LAND SF

236,095 SF

ZONING

RD-20

APN/PARCEL ID

039-0011-047

ASK ABOUT THIS PROPERTY

William BlucherNewmarkMore Info
916-569-2340

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William BlucherNewmarkMore Info
916-569-2340

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