Plaza Estates 695 Plaza Ave 62 Unit Apartment Building $11,510,400 CAD ($185,652 CAD/Unit) 7.91% Cap Rate Sacramento, CA 95815

Within Sacramento's bustling Old North neighborhood, Plaza Estates at 695 Plaza Avenue presents a rare opportunity to acquire a well-positioned, income-producing multifamily asset in a historically rich community. This two-building, 62-unit multifamily complex includes 41 one-bedroom, one-bathroom units and 21 two-bedroom, two-bathroom units. Residents enjoy secure living with gated access from two separate entry points, and recent exterior painting adds to the property's curb appeal. Exterior staircases provide convenient access to upper-level units. The property has dedicated management to ensure quick attention to service and administrative requests.

Plaza Estates offers residents the ideal blend of suburban tranquility and urban convenience. Minutes from locally known Hagginwood Park, the area boasts an eclectic mix of architecture and community charm. From strolls through green spaces to antique hunting along Del Paso Boulevard and dining at local favorites like Lil Joe's and Sammy's Restaurant, Old North Sacramento provides a highly livable and walkable environment. Despite the area's density, the property's ample surface parking, with approximately 56 spaces, offers a distinct advantage rarely found in this vibrant neighborhood.

With proximity to major transit corridors, including the Capital City Freeway, Interstate 80, and Interstate 5, this location is ideal for commuters and city dwellers. As housing demand in Sacramento continues to rise, Plaza Estates stands out as a prime investment opportunity to expand or establish a multifamily portfolio. The unit mix, strategic location, and growing rental demand in the area underscore this asset's long-term value and upside potential.