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1535 Arcade Blvd - 1535 Arcade Blvd 3 Unit Apartment Building Offered at $900,000 at a 5.18% Cap Rate Sacramento, CA 95815
Investment Highlights
- Three separate buildings on a large .56 acre parcel
- Plans for parcel subdivision
- Opportunity to permit and occupy Two additional 1Bd/1Ba units
- Recent renovations including new roofs (2021)
Executive Summary
Marcus & Millichap is pleased to present as exclusive listing agent, a fee simple interest in 1535 Arcade Blvd in Sacramento, California. This fully occupied three-unit multifamily property offers an exceptional opportunity to add value to an already cash-flowing asset, with current annual rental income exceeding $84,000.
This property features a large 3-bed, 1-bath main house, a 2-bed, 1-bath secondary house, and a 2-bed, 1-bath cottage. All 3 structures have seen a mix of recent renovations, including flooring, cabinetry, countertops and new roofs. All three roofs were replaced in 2021. Additional revenue can be gained from further development of two non-conforming units.
Positioned in a strong rental market, this asset combines immediate and stable cash flow with the opportunity to add significant value.
Please do not disturb tenants or management.
This property features a large 3-bed, 1-bath main house, a 2-bed, 1-bath secondary house, and a 2-bed, 1-bath cottage. All 3 structures have seen a mix of recent renovations, including flooring, cabinetry, countertops and new roofs. All three roofs were replaced in 2021. Additional revenue can be gained from further development of two non-conforming units.
Positioned in a strong rental market, this asset combines immediate and stable cash flow with the opportunity to add significant value.
Please do not disturb tenants or management.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 1 | - | 1,550 |
| 2+1 | 2 | - | 670 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 251-0330-017 | Improvements Assessment | $392,646 |
| Land Assessment | $180,405 | Total Assessment | $573,051 |
Property Taxes
Parcel Number
251-0330-017
Land Assessment
$180,405
Improvements Assessment
$392,646
Total Assessment
$573,051
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1535 Arcade Blvd - 1535 Arcade Blvd
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