2228 Edison AVE, Sacramento, CA 95821
2228 Edison AVE, Sacramento, CA 95821
2228 Edison AVE, Sacramento, CA 95821
2228 Edison AVE, Sacramento, CA 95821
2228 Edison AVE, Sacramento, CA 95821
2228 Edison AVE, Sacramento, CA 95821
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Michael Green

Michael Green

+1(209) 635-2455
Listed by Michael Mathios Cushman & Wakefield
$ 11,650,000
Est. payment | /mo

100 Beds

3 Baths

51,120 SqFt

Save
$ 11,650,000
Est. payment | /mo
Save

100 Beds

3 Baths

51,120 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 51,120 sqft

Price per Sqft $227

MLS Listing ID 225148783

Bedrooms 100

Full Baths 3

HOA Y/N No

Year Built 1986

Lot Size 2.620 Acres

Acres 2.62

Property Sub-Type Multi Family

New Construction No

Property Description

The Marion Apartments is well-maintained 69-unit multi-family community located in the Arden Arcade submarket. Approximately 80% of the units have upgraded interiors, the exterior was recently painted within the last 3 years, and there is a great opportunity to increase the income stream by converting all the units to Section 8 tenants over time. The property's quality and current income being collected make it an attractive investment day one with future growth potential. We have a call for offers scheduled for December 16th.

Location

State CA

County Sacramento

Area 10821

Zoning RD-30

Interior

Heating Central

Cooling Central Air, Ceiling Fan(s)

Fireplace No

Window Features Double Pane Windows

Appliance Free-Standing Electric Range, Disposal, Dishwasher, Gas Water Heater, Washer/Dryer Leased

Laundry Common Area

Exterior

Utilities Available Natural Gas Connected, Internet Available, Electricity Available, Sewer Connected, Cable Available

Roof Type Composition,Shingle

Total Parking Spaces 105

Building

Lot Description Sidewalk, Irregular Lot

Story 2

Foundation Concrete, Slab

Sewer Public Sewer

Water Water District

Level or Stories Two

New Construction No

Schools

School District Sacramento Unified

Others

Tax ID 2660090018

Acceptable Financing Conventional, Cash, 1031 Exchange

Listing Terms Conventional, Cash, 1031 Exchange

San Francisco MLS - SFAR

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2228 Edison AVE

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