Marcus & Millichap is pleased to present Debonair Apartments, a charming 19-unit apartment community located in Sacramento, California. The community features a mix of 6 one-bedroom/one-bathroom units with 750 rentable square feet, 11 twobedroom/one-bathroom units with 940 rentable square feet, and 1 four-bedroom/one-bathroom unit with 1,300 rentable square feet.
The purchaser of Debonair Apartments will enjoy a preferable unit mix, spacious units, and an opportunity to bring rents up to market in one of the country's hottest and growing rental markets. The property is conveniently located near the Watt Avenue Access to Interstate 80, the major east-west transportation corridor of the greater Sacramento area. Residents have immediate access to Downtown Sacramento, which serves as the employment and entertainment hub for the entire region. The property is also within a short driving distance to Arden Fair Mall, one of the region’s largest shopping malls, and numerous other grocery and retail centers.
Industry research suggests the region will experience another eight percent increase in rents market-wide over the next 12 months due to employment growth and a lack of new apartment construction throughout the region. The more than $500 gap between the average rent and monthly mortgage payment bodes well for the multifamily sector in 2018.
All tours must be scheduled through The DeLoney Group. Please do not disturb management.
