935 Johnfer Way-39 Unit Multi-Family Investment Offering
- -Price: $7,250,000
- -Terms: Free & Clear
- -Occupancy: 96%
- -Average In-Place Rent: $1,534
- -Average Market Rent: $1,724
- -In-Place Cap-Rate: 5.9%
- -Year 1 Cap Rate: 6.3%
- -Proforma Cap Rate: 7.8%
Property Description
Newmark, as the exclusive advisor, is pleased to present the opportunity to acquire the Terra Bella Apartments (the “Property”), a 39-unit, 1970s-vintage apartment community located in the Pocket-Greenhaven neighborhood of Sacramento. Situated less than five miles from Sacramento’s Central Business District, the property’s convenient location provides direct access to the region’s most prominent employment, retail and recreation centers.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $7,250,000 |
| No. of Units: | 38 |
| Year Built: | 1969 |
| Lot Size: | 1.37 Acres |
| Opportunity Zone: | No |
| Price per unit: | $190,789 |
| Property Website | Click Here |
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