This Multifamily Property is Off-Market.

1930 Wright Street
Sacramento, CA 95825 ·

41 Units · Multifamily For Sale

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Wright Place Apartments

Price N/A Gross Rent Multiplier 10.36
No. Units 41 Occupancy 95%
Building Size 27,150 SF No. Stories 2
Property Type Multifamily Year Built 1984
Property Sub-type Garden/Low-Rise Lot Size 1.50 AC
Property Use Type Investment Parking Ratio 1.50 / 1,000 SF
Cap Rate 5.50%
Listing ID: 14109982 Date Created: 01/28/2005 Last Updated: 08/24/2005

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.

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

Research

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

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