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The Edge on 47th 6500 47th St 108 Unit Apartment Building For Sale Sacramento, CA 95823
Executive Summary
Newmark, as exclusive advisor, is pleased to present the opportunity to acquire The Edge Apartments, a 108-unit value-add multifamily community located at 6500 47th Avenue, Sacramento, California.
The Edge Apartments represents a rare opportunity to acquire a 1994-vintage value-add asset in Sacramento’s South Sacramento submarket. The property offers exceptional connectivity to Downtown Sacramento, the region’s largest employment center, as well as the rapidly growing City of Elk Grove, home to major employers including Apple, Siemens, and Kaiser Permanente. Convenient access to Highway 99 and regional transportation further enhances the property’s long-term appeal.
The community distinguishes itself from competing properties through its highly functional floor plans and desirable amenities, including spacious two-bedroom/two-bathroom layouts, vaulted ceilings in select upstairs units, nine-foot ceilings, and in-unit washer and dryer hookups in select apartments.
The Edge presents a compelling value-add investment opportunity with multiple avenues for revenue growth. The next owner can unlock significant upside through more focused ownership, capturing existing loss-to-lease, full RUBS penetration, and executing a strategic unit interior and common area renovation program to further enhance rents and overall asset value.
*All tours must be scheduled through the listing agents*
The Edge Apartments represents a rare opportunity to acquire a 1994-vintage value-add asset in Sacramento’s South Sacramento submarket. The property offers exceptional connectivity to Downtown Sacramento, the region’s largest employment center, as well as the rapidly growing City of Elk Grove, home to major employers including Apple, Siemens, and Kaiser Permanente. Convenient access to Highway 99 and regional transportation further enhances the property’s long-term appeal.
The community distinguishes itself from competing properties through its highly functional floor plans and desirable amenities, including spacious two-bedroom/two-bathroom layouts, vaulted ceilings in select upstairs units, nine-foot ceilings, and in-unit washer and dryer hookups in select apartments.
The Edge presents a compelling value-add investment opportunity with multiple avenues for revenue growth. The next owner can unlock significant upside through more focused ownership, capturing existing loss-to-lease, full RUBS penetration, and executing a strategic unit interior and common area renovation program to further enhance rents and overall asset value.
*All tours must be scheduled through the listing agents*
Property Facts
| Sale Type | Investment | Lot Size | 5.42 AC |
| No. Units | 108 | Building Size | 83,994 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1994 |
| Apartment Style | Garden | Parking Ratio | 2.07/1,000 SF |
| Building Class | C | ||
| Zoning | RD-20 | ||
| Sale Type | Investment |
| No. Units | 108 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.42 AC |
| Building Size | 83,994 SF |
| No. Stories | 2 |
| Year Built | 1994 |
| Parking Ratio | 2.07/1,000 SF |
| Zoning | RD-20 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Microwave
- Washer/Dryer
- Vaulted Ceiling
- Oven
- Range
- Patio
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Fitness Center
- Laundry Facilities
- Playground
- Gated
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 30 | - | 615 - 650 |
| 2+1 | 30 | - | 810 - 820 |
| 2+1.5 | 16 | - | 810 |
| 2+2 | 32 | - | 810 - 820 |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 039-0011-047 | Improvements Assessment | $6,322,609 |
| Land Assessment | $1,108,212 | Total Assessment | $7,430,821 |
Property Taxes
Parcel Number
039-0011-047
Land Assessment
$1,108,212
Improvements Assessment
$6,322,609
Total Assessment
$7,430,821
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