Sundance Garden Apts 3831-3835 Annadale Ln 40 Unit Apartment Building $10,017,579 CAD ($250,439 CAD/Unit) 6.10% Cap Rate Sacramento, CA 95821

Marcus & Millichap is pleased to present Sundance Garden, a well maintained 40 unit multifamily community situated across
two parcels and benefiting from extensive interior and exterior renovations. The property offers a diverse unit mix consisting
of 2 studios, 10 one bedroom units, and 28 two bedroom units.
33 units have been upgraded with improvements such as LVT flooring, granite countertops, new cabinetry, and a mix of
stainless steel/black appliances. Exterior improvements include refreshed landscaping designed for low maintenance
operation and new exterior paint. The property also provides 52 surface parking spaces, including 40 assigned spaces, 11
unassigned spaces and one handicap.
A new owner has the opportunity to complete the renovation program on the remaining seven units and capture additional
rent upside. Current average in place rents trail conservative market rents with a loss to lease of approximately $184/Unit,
supported by proven pro forma rents within the existing rent roll and nearby rent comps.
Sundance Garden presents a stable asset with a light value add component and a straightforward path for improving income
and operations.
Property tours are available exclusively through the listing agents.