Arcadia Apartments

56 Unit Apartment Building | $7,700,000 ($137,500/Unit) | 5.70% Cap Rate | Sacramento, CA 95821

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $7,700,000

Property Type
Multifamily
Square Feet
33,360 SF

Listing Contacts

John Hansen
John Hansen
Verified Profile
Scott MacDonald
Scott MacDonald
Verified Profile
  • Property Info

Property Overview

Berkadia is pleased to exclusively present the opportunity to acquire Arcadia Apartments (“Arcadia”, or the “Property”), a 56-unit rental community with 3.71% assumable financing at the highly attractive basis of $137,500 per unit. Strategically located in Sacramento’s Arden-Arcade submarket and well-maintained by current ownership, Arcadia provides investors immediate positive leverage with the opportunity to capture ±$215 per unit in monthly renovation premiums while benefitting from the ±20% market rent growth projected through 2028.

Property Details

Class
B
Year Built
1958
Stories
2
Lot Size (sq. ft)
59,677 SF
Units
56

Highlights

  • Assumable 3.71% Financing
  • Highly Compelling Basis at $137,500/Unit
  • Strong In Place Cash Flow with Substantial Income Upside Potential
  • Exceptional Connectivity to Local Employers & Lifestyle Amenities

FAQ

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