The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
October 27, 2020
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
Sacramento Apartment Property Goes for $178k/Unit

9/28/20

The Davenport, a 126-unit multifamily property in Sacramento, traded hands in a recent $22.5 mil ($178.5k/unit) deal. The property is located at 941 43rd Ave, north of Riverside Ave and west of I-5.

The seller, an affiliate of Abacus Capital Group, invested extensive capital into renovations to the building exteriors and common area spaces while upgrading just 10% of the unit interiors, leaving significant rental income upside for the new owner.

Built in 1970, the property includes an upgraded pool, remodeled clubhouse/leasing office and fitness center, BBQ area with two gas grills, dog park, laundry facility, secured gate access and covered parking.

The Davenport is located in The Pocket, about 10 minutes from downtown Sacramento as well as 10 minutes from Delta Shores, the region’s newest retail power center. Residents can also walk to numerous shopping complexes such as South Hills Shopping Center and the Riverside Plaza Shopping Center. Additionally, the property offers direct access to the Sacramento Regional Transit (SRT) “Riverside” route, which has a stop across the street from the property and travels to Downtown Sacramento.

Marc Ross with CBRE’s Sacramento office represented both parties in the transaction.





Return to the Archive page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2020 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media