1015 Arcade Blvd

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Address: 1015 Arcade Blvd, Sacramento, California, US
Created date: May 16, 2024
Date last updated: May 21, 2024
  • Gated Community With 100% Two-Bedroom Floor Plans Being Offered at $147,500/Unit.
  • All Units Updated With Either Laminate or Tile Flooring, New Cabinetry, Granite Countertops, New Appliances and New Light Fixtures.
  • Pitched Composition Shingle Roof, Stucco Exterior, Slab Foundation and Minimal Landscape Maintenance.
  • 7.51% Stabilized CAP Rate With Defendable $1,450 Rent Projections.
  • Close Proximity to Schools, Shopping Centers, Employment, and Downtown Sacramento.

Property Description

ALIVE Commercial Real Estate is pleased to exclusively present 1015 Arcade Blvd, a 20-unit multifamily community located in Sacramento, CA. Spread out on .69 acres and built in 1965, the property is comprised of all two-bedroom one-bathroom floor plans. Each unit has been nicely updated with either tile (downstairs) or laminate flooring (upstairs), new cabinetry, granite countertops, new appliances, and new light fixtures. The exterior features A durable stucco exterior, pitched composition shingle roof and slab foundation. This fully gated community provides tenants with a safe environment, ample off-street parking and on-site laundry facility, while being just minutes to surrounding retailers and employers. The current rents are 22% below a conservative projected rent of $1,450, offering a new owner the opportunity for significant upside through loss to lease recapture.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $2,950,000
No. of Units: 20
Year Built: 1965
Lot Size: 0.69 Sq ft
Opportunity Zone: No
Price per unit: $147,500
Property Website Click Here
Address: 1015 Arcade Blvd, Sacramento, CA 95815, USA
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