3525 Norris Avenue | 5 Units

Colliers is pleased to present 3525 Norris Ave Apartments, a 5-unit multi-family apartment community in the Arcade submarket of Sacramento which borders Carmichael, CA.  The subject property was built in 1959 but was completely renovated in 2023 and sits on a large 0.56-acre lot.  The complex is nestled in a quiet residential neighborhood adjacent to Mira Loma High School. Residents benefit from the close proximity to Interstate 80, Arden Fair Mall, and vast amounts of shopping, dining, and employment opportunities. 

The apartment community features exclusive single-story two-bedroom, one-bathroom floorplans and is zoned RD-20,  which welcomes an additional five (5) units that can be developed on the site. The current ownership group has extensively rehabilitated 80% of the existing units with the scope of work including a new open-concept kitchen and living room design, new private washer/dryer enclosures on back patios/yards, and all new stainless-steel appliances, granite countertops, shaker style cabinets, dual pane windows, mini-split HVAC units, electrical panels, fixtures, can lighting, vinyl plank flooring, and fresh paint throughout. 

Additional improvements include a new landscaping design in both the front and back of the property, connection to city sewer and permitted abandonment of the old septic system, and new asphalt and striping for the 2:1 ratio parking area. 

The new owner will benefit from a very quiet and charming property that has recently experienced a remarkable, top-to-bottom revitalization.  They will be able to improve revenues by renovating the one remaining unit and building additional dwelling units (ADU’s) on site.

Please call the brokers for more information.