695 Plaza Ave, Sacramento, CA 95815
62 Unit Apartment Building | For Sale | Sacramento, CA 95815
For Sale
Active
- Property Type
-
Multifamily
- Square Feet
- 43,450 SF
Listing Contacts
Michael Mathios
Property Overview
*****BANKRUPTCY SALE*****
The Cushman & Wakefield Sacramento Multifamily Advisory Group presents Plaza Estates Apartments for sale, a 62 unit multifamily community located in Sacramento, CA. Built in 1961 the property, in our opinion will take an all cash buyer to purchase due to high vacancy, which is approximately 30%.
This is a great opportunity to create equity growth through the purchase and renovation of this deep value add property to be sold in its "As Is" condition.
Highly desirable unit mix of 41 one bed/one bath and 21 two bed/one bath units.
Create an additional income stream by updating the two laundry rooms.
Please contact the listing agent to obtain a copy of the Offering Memorandum.
All property showings are by appointment only and must be arranged through Michael Mathios.
Tour Dates: July 9, 2024 - 12:00 noon to 2:00 pm
July 12, 2024 - 10:00 am to 12:00 noon
Call for offers: 5:00 pm July 16, 2024
All offers are to be sent to Michael Mathios via email at [email protected].
All offers will be reviewed by a Chapter 11 Trustee and the Bankruptcy Court.
The Cushman & Wakefield Sacramento Multifamily Advisory Group presents Plaza Estates Apartments for sale, a 62 unit multifamily community located in Sacramento, CA. Built in 1961 the property, in our opinion will take an all cash buyer to purchase due to high vacancy, which is approximately 30%.
This is a great opportunity to create equity growth through the purchase and renovation of this deep value add property to be sold in its "As Is" condition.
Highly desirable unit mix of 41 one bed/one bath and 21 two bed/one bath units.
Create an additional income stream by updating the two laundry rooms.
Please contact the listing agent to obtain a copy of the Offering Memorandum.
All property showings are by appointment only and must be arranged through Michael Mathios.
Tour Dates: July 9, 2024 - 12:00 noon to 2:00 pm
July 12, 2024 - 10:00 am to 12:00 noon
Call for offers: 5:00 pm July 16, 2024
All offers are to be sent to Michael Mathios via email at [email protected].
All offers will be reviewed by a Chapter 11 Trustee and the Bankruptcy Court.
Property Details
- Class
- C
- Year Built
- 1961
- Stories
- 2
- Lot Size (sq. ft)
- 46,174 SF
- Units
- 62
Highlights
- Bankruptcy Sale
- Desirable unit mix comprising one and two bed units
- Ability to create an additional income stream by updating the two laundry rooms
- Close proximity to many retail amenities including Arden Fair Mall & Costco Wholesale
Nearby Properties
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