$1,475,000
$1,500,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
6,534 Sqft Lot
SOLD DATE : 01/31/2024
Key Details
Sold Price $1,475,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 223103686
Sold Date 01/31/24
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1960
Lot Size 6,534 Sqft
Acres 0.15
Property Description
6.65% Current Cap Rate Underwritten to a Realistic 41% Expense Load. Assumable $989,965 Loan (66% LTV) at 4.24%, 30-Year Amortization, Due September 2029. Most Units Rented Through the TLCS Program and Section 8 Vouchers, Allowing For Guaranteed Income by State-Supported Programs. Low-Basis Acquisition Being Offered at $150,000/Unit. Desirable One and Two-Bedroom Floor Plans. Close Proximity to Restaurants, Retailers, and Downtown Sacramento.
Location
State CA
County Sacramento
Area 10815
Direction Old North Sacramento
Interior
Heating Wall Furnace
Cooling Wall Unit(s)
Flooring Laminate
Laundry Other
Exterior
Garage Off Street, Open
Utilities Available Natural Gas Connected, City, Electric
Water Access Desc Public
Roof Type Shingle
Total Parking Spaces 8
Building
Lot Description Landscape Front
Foundation Raised
Sewer Public Sewer
Water Public
Schools
Elementary Schools Twin Rivers Unified
Middle Schools Twin Rivers Unified
High Schools Twin Rivers Unified
School District Sacramento
Others
Senior Community No
Tax ID 275-0027-024-0000
Special Listing Condition None
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