The DeLoney Group at Marcus & Millichap is pleased to offer for sale Liv1621 Apartments, a 24-unit community located in the Arden-Arcade neighborhood in the unincorporated portion of Sacramento County. The property has undergone a number of recent upgrades, including new siding, double pane windows, upgraded electrical panels and new signage. Each unit offers its resident in-suite laundry, a highly desirable feature and rare in the nearby submarket. The property also offers its residents a swimming pool which is rare for a property of this size.
Liv1621 has undergone significant interior and exterior upgrades in recent years. Market data suggests approximately an 8% loss-to-lease upside on the existing rent roll. The in-unit laundry and second bathroom in the two-bedroom floorplans provide a functional advantage of many of the nearby competing rental options.
Visit www.SacAptPortfolio.com for more information, and to access Offering Memorandum and Deal Room.
This is a court-supervised sale and will be subject to court approval before it is allowed to close. Sale procedures information is available.