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.
Property Features
Bedrooms
Other Rooms
Bathrooms
- Total Bathrooms: 3
- Partial Bathrooms: 0
- Full Bathrooms: 3
Appliances
- Free-Standing Electric Range
- Disposal
- Dishwasher
- Gas Water Heater
- Washer/Dryer Leased
- Laundry Features: Common Area
Heating and Cooling
- Cooling Features: Central Air, Ceiling Fan(s)
- Heating Features: Central
- Heating: Yes
- Ceiling Fans: Yes
Interior Features
- Flooring: Luxury Vinyl Plank
- Window Features: Double Pane Windows
Land Info
- Sidewalk
- Irregular Lot
- Lot Description: Sidewalk, Irregular Lot
- Lot Size Acres: 2.62
- Lot Size Square Feet: 114127
Garage and Parking
- Carport Spaces: 69
- Open Parking Spaces: 36
- Parking Features: Carport, Open, Off Street
- Parking Total: 105
Exterior and Lot Features
- Patio And Porch Features: Uncovered Patio, Balcony/Deck
- Patio: Yes
- Deck: Yes
Rental Info
- Existing Lease Type: Net
- Leasable Area Units: Square Feet
- Number of Units Leased: 63
- Number of Units Vacant: 6
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
Multi-Unit Info
- Number of Buildings: 7
- Number of Units: 69
- Unit-1 Description: Avg. One Bedroom Rent being collected
- Unit-2 Description: Avg. Two Bedroom Rent being collected
School Information
- Elementary School District: Sacramento
- High School District: Sacramento Unified
- Middle or Junior School District: Sacramento
Other Property Info
- Source Listing Status: Active
- County: Sacramento
- Cross Street: Arden Way
- Directions: From Business Loop 80 in either direction take the Fulton Blvd exit and head south. Turn east on Edison Ave drive approximately one mile and find the property on the south side of the street.
- Disclaimer: Information is not verified or guaranteed and is subject to change. Offers of compensation are made exclusively to Participants of the MLS and their data-share partners where the subject listing is filed. Copyright (C)2025 SFAR MLS and Rapattoni Corp. All rights reserved.
- List Price Low: 11650000
- Source Property Type: Residential Income
- Area: 10821
- Source Neighborhood: 10821
- Parcel Number: 2660090018
- Zoning: RD-30
- Property Subtype: Multi Family
Farm Info
- Irrigation Source: Public District
- Irrigation Water Rights: No
Building and Construction
- Total Square Feet Living: 51120
- Year Built: 1986
- Building Area Total: 51120
- Building Area Units: Square Feet
- Construction Materials: Wood Siding, Frame
- Foundation Details: Concrete, Slab
- Levels: Two
- Living Area Units: Square Feet
- Property Age: 40
- Roof: Composition, Shingle
- Levels or Stories: 2
- Building Total Stories: 2
Utilities
- Electric: Separate Meter
- Electric On Property: Yes
- Gas: Separate Meter
- Sewer: Public Sewer
- Natural Gas Connected
- Internet Available
- Electricity Available
- Sewer Connected
- Cable Available
- Water Source: Water District
Home Features
- Green Energy Efficient: Windows
- Security Features: Smoke Detector(s), Carbon Monoxide Detector(s)
