2740 Elvyra Way, Sacramento, CA 95821; Multifamily Properties For Sale; A-1 in Sacramento County

2740 Elvyra Way, Sacramento, CA 95821; Multifamily Properties For Sale; A-1 in Sacramento County


2740 Elvyra Way, Sacramento, CA 95821; Multifamily Properties For Sale; A-1 in Sacramento County

Multifamily Property For Sale

Price:
$2,950,000
No. Units:
46
Building Size:
35,131 SF
Price/Unit:
$64,130.43
ear Built:
1968
Lot Size:
1.28 AC
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise

Description

PRICE REDUCED! Providence House is a 46 unit, garden-style apartment complex located in the popular Arden-Arcade neighborhood of Sacramento. Approximately 40% of the units are desirable, two-story townhouse floor plans with eleven of those being very unique one-bedroom, one and one-half bath townhouses while the remaining seven are large two bedroom townhouses. Many of the other units have oversized, fenced-in back patios that also can command higher rents. The property offers a new owner the opportunity to capitalize on below market rents for large, unique floor plans while reducing operating expenses through new management.

The property is located in the northeast sector of Sacramento just off Fulton Avenue. Town and Country Shopping Center is less than a mile away, while Arden Fair Shopping Mall, the second largest in the region, can be reached within ten minutes.

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