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Kelly Pleasant

kelly@pleasantrealestategroup.com +1(916) 743-0844

$ 1,405,000

Est. payment | -/mo

7,000 SqFt

Save

$ 1,405,000

Est. payment | -/mo

Save

7,000 SqFt

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 7,000 sqft

Price per Sqft $200

MLS Listing ID 226090166

HOA Y/N No

Year Built 1969

Lot Size 0.270 Acres

Acres 0.27

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

Northrop Arms, an eight-unit apartment community located at 2520 Northrop Avenue in Sacramento, California. Situated in the desirable south Arden-Arcade submarket, the property offers investors a well-maintained asset with an attractive unit mix, proven rental upside, and additional rental income through a stratetgic renovation program. Built in 1969, Northrop Arms consists of eight spacious apartment homes featuring an efficient mix of two one-bedroom/one-bathroom units approximately 650 square feet each and six two-bedroom/one-bathroom units approximately 850 square feet each. The larger than average floor plans appeal to a large resident base and broad demographic. Current ownership has completed selective interior renovations throughout the property. Upgraded units feature luxury vinyl plank flooring, granite countertops, refreshed cabinetry, and modern finishes, providing an attractive living environment while allowing a new owner the opportunity to continue renovating the remaining units and capture additional rental upside over time. Northrop Arms enjoys an exceptional south Arden Arcade location with immediate access to major transportation corridors, placing residents within minutes of Sacramento State University, Cal Expo, Kaiser Permanente, Downtown Sacramento, and many of Sacramento's largest employment centers. Northrop Arms represents an excellent opportunity to acquire a stable, well-located apartment community with a desirable unit mix, meaningful value-add potential through continued unit renovations, and strong long-term fundamentals in one of Sacramento's most established rental markets.

Location

State CA

County Sacramento

Area 10825

Direction North on Fulton Ave, Left on Northrop Ave.

Rooms

Other Rooms Unit-1 Approx SqFt: 650 Bedrooms: 1 Full Baths: 1 Total Rooms: 1 Rent: 1148 SqFt Source: Owner

Interior

Heating Central

Cooling Central

Flooring Vinyl

Laundry Other

Exterior

Parking Features Off Street

Utilities Available City

Water Access Desc Public

Total Parking Spaces 13

Building

Lot Description Landscape Back, Landscape Front

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

Schools

Elementary Schools San Juan Unified

Middle Schools San Juan Unified

High Schools San Juan Unified

School District Sacramento

Others

Senior Community No

Tax ID 294-0022-031-0000

Special Listing Condition None

Listed by Marcus & Millichap Real Estate

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(916) 743-0844

kelly@pleasantrealestategroup.com

2520 Northrop AVE Sacramento, CA 95825

Kelly Pleasant

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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2520 Northrop AVE