More News – The Hot Sacramento Multi-Family Market

This is a follow up to my blog post of a couple of days ago.

The most recent news and opinions regarding  Multi-Family Apartment units has been that “cap rates” have been going down.   I also believe that those same metrics work for smaller properties.   As I’ve pointed out several times before,  rents have been and are going up if you’ve got a property in good condition with amenities.

Just about every Duplex or Four-Plex I’ve been involved in has had multiple offers which is an indication of a pent up Investor demand.   Our Property Management unit reports an overall vacancy rate of our portfolio is under 5%.

If that’s not the definition of a Seller’s market and a Landlord’s market then let me know when there is one.

Well lo and behold,   Ben van der Meer a real estate staff writer for the Sacramento Business Journal posted the following article earlier today.

Hot multifamily market affecting desired properties, urban core rents

More evidence that there’s some momentum in the Residential Investment market again.

 

Make it a great day…!

Ed Favinger, Broker, CRS, GRI, SFR, CDPE    

916-203-1260      favinger@rwnetwork.com

 

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