916-288-4522
695 Plaza Ave, Sacramento, CA for Sale
Apartments - FOR SALE
1/10
null | Request Cap Rate

695 Plaza Ave
Sacramento, CA 95815
Old North Sacramento


HIGHLIGHTS

  • Value-Add Investment
  • Strong Workforce Housing Fundamentals
  • As-Is Acquisition with Pricing Advantage
  • Quality Unit Mix
  • Ancillary Income Upside

OVERVIEW

The Cushman & Wakefield Sacramento Multifamily Advisory Group is pleased to present Plaza Estates Apartments, a value add 62 unit multifamily community located in Sacramento, CA. Pricing is to be determined by market. Plaza Estates is being offered in "As-Is" condition, providing buyers with the opportunity to acquire below replacement cost and implement business plan improvements on their own timeline and capital structure. The community features a highly marketable unit mix consisting of 41 one bedroom/one bath units and 21 two bedroom/one bath units, which support broad renter appeal. There is an opportunity for additional NOI growth through the repositioning and modernization of two on-site laundry rooms. All property showings are by appointment only and must be arranged through Michael Mathios. Please do not approach or contact the tenants or on-site personnel. For more information and a copy of the Offering Memorandum, please contact the listing agent.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

62

CAP RATE

Request Cap Rate

% LEASED

82%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Plaza Estates

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

56

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,174 SF

ZONING

R2B, Sacramento

APN/PARCEL ID

263-0203-022

ASK ABOUT THIS PROPERTY

Michael MathiosCushman & WakefieldMore Info
916-288-4522

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Michael MathiosCushman & WakefieldMore Info
916-288-4522

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