2630 Darwin St
12-Unit Garden-Style Apartment Community
Marketing description
Rod Ballinger of TRI Commercial, as the exclusive advisor, is pleased to present the opportunity to acquire 2630 Darwin Way, a 12-unit garden-style apartment community located in Sacramento, CA. The property is located less than 10 minutes from Downtown Sacramento in the Arden/Arcade submarket.
The property features a highly desirable unit mix with 66% two-bedroom units. Four units have been upgraded, leaving ten units for a new investor to upgrade to their desired standard. Current rents are below market on over 50% of the units and 3 of the current tenants are eligible for rent increases.
Eight units are single story cottage units with a fourplex in the rear of the property.
Investment highlights
Desirable unit mix with two-thirds of the units comprised of two-bedroom units
Eight units feature single story apartment homes
Below market rents
Units eligible for rent increases
Less than 10 minutes to Downtown Sacramento
1 mile from Arden Fair Mall
Easy access to Interstate 80
Avg In place rents $1,381 and Avg Market Rents $1,555
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