3539 Edison Ave - Apartments FOR SALE


Sacramento, CA 95821
$2,100,000 USD
510-593-4780
3539 Edison Ave, Sacramento, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/10
null | 5.1% Cap Rate

3539 Edison Ave
Sacramento, CA 95821


HIGHLIGHTS

  • Continuous ownership for 9+ years.
  • Excellent location.
  • Minutes to transportation & the Light Rail System.
  • Many building improvements & upgrades have been completed.

OVERVIEW

Built in 1956, this 16-unit apartment building (The Arcade Apartments) is located at 3539 Edison Avenue, Sacramento California. The apartment complex is conveniently located just blocks away from interstate 80 and the Sacramento Light Rail System, which places residents in close proximity to many Neighborhood shopping conveniences: Starbucks Coffee, Haggin Oaks Golf Complex, Sacramento Softball Complex, Del Paso Park, and a Walmart Supercenter. The owner has made many building improvements since 2015 including: a termite clearance in 2015; new boiler; plumbing upgrades; new front and rear exterior staircases; new front piers, posts and decking. Many units have been renovated, freshly painted, and have new appliances.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$229 USD /SF

# OF UNITS

16

PRICE/UNIT

$131,250

CAP RATE

5.1%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arcade Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,682 SF

ZONING

RD30, Sacramento

APN/PARCEL ID

255-0031-016

ASK ABOUT THIS PROPERTY

Kevin BrownBrown CommercialMore Info
510-593-4780

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Kevin BrownBrown CommercialMore Info
510-593-4780

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