$1,375,000
$1,375,000
For more information regarding the value of a property, please contact us for a free consultation.
10,019 Sqft Lot
SOLD DATE : 07/02/2024
Key Details
Sold Price $1,375,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 223107903
Sold Date 07/02/24
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1971
Lot Size 10,019 Sqft
Acres 0.23
Property Description
***PRICE REDUCED & Owner will include the adjacent vacant lot next door at 2856 Del Paso Blvd which is .12 Acres zoned RMX. This property is Currently grossing $11,700/month!***This 11-Unit apartment building is the best deal on the market currently at a 6.3% CAP rate and only $125K/unit The building has also been remodeled completely on the the exterior and All electrical panels were just replaced. In 2023, the property underwent a transformative exterior upgrade, enhancing its aesthetic appeal. The improvements included a fresh coat of paint applied to the upstairs flooring and the exterior of the complex. In addition, cedar wood was added to the front of the building giving it a modern and stylish touch. In 2020, a new 100-gallon water heater tank was installed to serve the entire complex. Any dry rot throughout the complex was diligently addressed to ensure the property's durability and turn-key appeal. The unit mix consists of two studios, eight 1-bedroom/1-bathroom, and one 2-bedroom/1-bathroom units. Recent improvements include upgraded kitchen countertops, painted kitchen cabinets, upgraded bathroom cabinets, new ceiling fans, and recessed ceiling lighting. All 11-units have brand-new AC wall units.
Location
State CA
County Sacramento
Area 10815
Direction Take ramp onto I-80-BR E (Capital City Fwy) toward Sacramento. Take exit 4A toward I-5/Redding/CA-99 onto I-5 N. Take exit 521A toward Garden Hwy. Turn left onto Garden Hwy. Continue on Arden-Garden Connector. Continue on Arden Way. Keep right onto Del Paso Blvd.
Interior
Heating Wall Furnace, Individual
Cooling Ceiling Fan(s), Wall Unit(s)
Flooring Laminate, Varies by Unit
Laundry Coin Operated, In Common Area
Exterior
Garage Off Street
Utilities Available Natural Gas Connected, Electric
Water Access Desc Public
Total Parking Spaces 11
Building
Lot Description Other
Story 2
Foundation Other
Sewer Public Sewer
Water Public
Schools
Elementary Schools Sacramento Unified
Middle Schools Sacramento Unified
High Schools Sacramento Unified
School District Sacramento
Others
Senior Community No
Tax ID 265-0222-010
Special Listing Condition None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Arriaga Real Estate