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Golden Tee Apartments 3116-3120 Howe Ave 25 Unit Apartment Building $5,211,376 CAD ($208,455 CAD/Unit) 7.78% Cap Rate Sacramento, CA 95821
Investment Highlights
- Stabilized Asset with Upside Potential
- Highly Desirable Arden-Arcade Submarket of Sacramento
- Completely Remodeled Exterior and Interior
Executive Summary
Golden Tee Apartments offers investors the rare opportunity to acquire a well-maintained 25-unit multifamily community located in the highly desirable Arden-Arcade submarket of Sacramento. Situated along the prominent Howe Avenue corridor, the property benefits from exceptional visibility, strong tenant demand, and convenient access to the region's largest employment, retail, and healthcare centers.
The property's central location places residents within minutes of Arden Fair Mall, California State University, Sacramento, Kaiser Permanente Medical Center, Cal Expo, and the Business 80 and Highway 50 freeway corridors. This highly accessible location continues to attract a diverse renter base seeking proximity to employment, education, shopping, dining, and entertainment.
Golden Tee Apartments presents investors with the opportunity to acquire a stable cash-flowing asset while capitalizing on continued rental growth and operational upside. The property's attractive unit mix, established occupancy, and desirable location position it well for both long-term appreciation and strategic value enhancement through interior renovations and income optimization.
The property's central location places residents within minutes of Arden Fair Mall, California State University, Sacramento, Kaiser Permanente Medical Center, Cal Expo, and the Business 80 and Highway 50 freeway corridors. This highly accessible location continues to attract a diverse renter base seeking proximity to employment, education, shopping, dining, and entertainment.
Golden Tee Apartments presents investors with the opportunity to acquire a stable cash-flowing asset while capitalizing on continued rental growth and operational upside. The property's attractive unit mix, established occupancy, and desirable location position it well for both long-term appreciation and strategic value enhancement through interior renovations and income optimization.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$572,454
|
$44.38
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$572,454
|
$44.38
|
| Taxes |
$46,422
|
$3.60
|
| Operating Expenses |
$142,554
|
$11.05
|
| Total Expenses |
$188,976
|
$14.65
|
| Net Operating Income |
$383,478
|
$29.73
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $572,454 |
| Annual Per SF | $44.38 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $572,454 |
| Annual Per SF | $44.38 |
| Taxes (CAD) | |
|---|---|
| Annual | $46,422 |
| Annual Per SF | $3.60 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $142,554 |
| Annual Per SF | $11.05 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $188,976 |
| Annual Per SF | $14.65 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $383,478 |
| Annual Per SF | $29.73 |
Property Facts
| Price | $5,211,376 CAD | Building Class | C |
| Price Per Unit | $208,455 CAD | Lot Size | 0.81 AC |
| Sale Type | Investment | Building Size | 12,900 SF |
| Cap Rate | 7.78% | Average Occupancy | 100% |
| No. Units | 25 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1955/2026 |
| Property Subtype | Apartment | Parking Ratio | 2.17/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RD30 | ||
| Price | $5,211,376 CAD |
| Price Per Unit | $208,455 CAD |
| Sale Type | Investment |
| Cap Rate | 7.78% |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.81 AC |
| Building Size | 12,900 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1955/2026 |
| Parking Ratio | 2.17/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RD30 |
Amenities
Site Amenities
- Fenced Lot
- Smoke Free
- Car Charging Station
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | $2,148 CAD | 666 |
| 2+1 | 1 | $2,254 CAD | 1,200 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 266-0032-022 | Total Assessment | $3,816,000 CAD |
| Land Assessment | $733,846 CAD | Annual Taxes | $46,422 CAD ($3.60 CAD/SF) |
| Improvements Assessment | $3,082,154 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
266-0032-022
Land Assessment
$733,846 CAD
Improvements Assessment
$3,082,154 CAD
Total Assessment
$3,816,000 CAD
Annual Taxes
$46,422 CAD ($3.60 CAD/SF)
Tax Year
2025
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Presented by
Newage Realty & Mortgage
Golden Tee Apartments | 3116-3120 Howe Ave
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