ARA Newmark, as the exclusive listing agent, is pleased to present
ETHAN PARK PLACE
a 22-unit value-add opportunity in Sacramento, CA.
SHOWINGS SCHEDULED - CALL AGENT FOR DETAILS.
OFFERED AT $1,550,000
This equates to a current 4.9% Cap & 9.1 GRM and 6.4% market Cap & 7.9 market GRM.
- Repositioning Opportunity
- Current Rents are Below Market Rate
- Excellent Unit Mix
- Fifteen 1 Bedroom x 1 Bathroom Units
- Seven 2 Bedroom x 1 Bathroom Units
- Average Unit Size of 682 SF (assumed from tax records)
- 30+ Parking Spots on Property
- Conveniently Located to the Shops, Restaurants and Entertainment at Arden Fair Mall as well as Commuter Accessways including Business-80, Lincoln Hwy-160 and the Light Rail