$1,950,000
$2,300,000
15.2%For more information regarding the value of a property, please contact us for a free consultation.
6,534 Sqft Lot
SOLD DATE : 07/18/2024
Key Details
Sold Price $1,950,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 223112274
Sold Date 07/18/24
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1960
Lot Size 6,534 Sqft
Acres 0.15
Property Description
Here is a Great Opportunity to own this 18 Unit Apartment Complex, with a Cap Rate of 6.93 Qualified investors can assume loan in place at an interest rate of 4.85% with 30 year amortization. Property provides excellent cash flow as the current owner has invested over $160,000 in capital improvements; fencing, new gas lines, two operational laundry rooms, operational store rooms/storage areas, security cameras, exterior painting, fenced in and demarcated parking lot, and numerous safety improvements This property has 16-One Bedroom and 2-two Bedroom units. Most(~80%) units are upgraded with numerous improvements such as new flooring, cabinets, countertops, bath tubs, windows, Interior Painting, appliances New ownership can take advantage of dependable and consistent cash flow as most of the units are rented to tenants where government agencies or external programs pay most of the rent This is a Must See!
Location
State CA
County Sacramento
Area 10815
Direction Capital City 80, Exit El Camino Ave. go West, Right on Traction Ave to address.
Interior
Heating Wall Furnace
Cooling Wall Unit(s), Window Unit(s)
Flooring Tile, Laminate, Vinyl
Laundry Coin Operated, Washer/Dryer Owned
Exterior
Garage Off Street, Offsite
Utilities Available Cable Available, Natural Gas Connected
Water Access Desc Public
Total Parking Spaces 13
Building
Lot Description Shape Irregular
Story 2
Foundation Concrete, Slab
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 263-0241-032-0000
Special Listing Condition Offer As Is
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Bought with Arriaga Real Estate