Historical Multifamily Sale Listing - Wright Place Apartments

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Wright Place Apartments

1930 Wright Street, Sacramento, CA 95825

N/A

41 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
41
Building Size:
27,150 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
5.50%
Gross Rent Multiplier:
10.36
Occupancy:
95%
No. Stories:
2
Year Built:
1984
Lot Size:
1.50 AC
Parking Ratio:
1.50 / 1,000 SF
Listing ID
14109982
Last Updated
over 1 year ago

Highlights

  • Stellar Location in Heart of the Arden Area
  • Excellent Physical Condition
  • Pride of Ownership Offering
  • Mix of Studios, 1 & 2 Bedrooms
  • Located Near Arden Fair Mall, Restaurants, Entertainment Options
  • Possible 3 Property Portfolio Sale

Description

The Wright Place Apartments are located in the Arden area of Sacramento. Arden area's central location and community amenities have turned the area into the largest employment base and also a hub for businesses, restaurants and entertainment in the Sacramento Region.
Such neighborhood attributes are the driving force behind the desirabliity, for many, to call the area home. Wright Place's ideal location fosters high demand from prospective renters. The community offers five studios at 425 square feet, 31 1 bed/1 bath units at 670 square feet and five 2 bed/1 bath units at 900 square feet. All units feature spacious foor plans, dishwashers, along with gated entrance and a sparkling pool. The property has been enhanced, just recently, with many capital improvements.
Wright Place Apartments offers an investor the opportunity to acquire a property that is in excellent condition and is conveniently located in a very desirable rental submarket.

The Wright Place Apartments consists of 41beautiful apartment homes, is located on Wright Avenue near Fulton Avenue, Alta Arden Way, and Howe Avenue, some the major thoroughfares in the area.
Located just south of Bus-80, walking distance to schools, near CSU Sacramento and just a short drive to exciting Arden Fair area and Downtown Sacramento, Wright Place allows residents convenient access to the best the region has to offer.
Aside from the premiere location, the property offers residents all the comforts and amenities of home.

Map of 1930 Wright Street, Sacramento, CA 95825 (Sacramento County)

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