Well maintained gated complex just minutes from Downtown Sacramento.
RUBS of $48 is being implemented on new leases.
Loss-to-Lease based on newly rented equates to +/-$16,416 annually.
There are 2 vacant units that leased at market generate additional $29K annually.
True upside in rents since Avg. Rent is $1,043 vs. New Rents at $1,214.
(4) of the unit interiors have been updated with paint, appliances, and flooring.
The exterior has been renovated with paint, lighting, lush landscaping, and fencing.
Listing Status: | Available |
---|---|
Property Types: | Apartment Buildings |
Price: | $1,225,000 |
No. of Units: | 8 |
Cap Rate: | 5.87% |
GRM /GIM: | 11.78 |
Average Occupancy: | 75 |
Year Built: | 1949 |
Year Renovated: | 2023 |
Building Size: | 0 Sq ft |
Lot Size: | 0.14 Acres |
No. of Stories: | 1 |
APN: | 263-0242-016-0000 |
Zoning Code: | R-2B |
Buy Side Fee: | 2.5% |
Opportunity Zone: | No |
Price per unit: | $153,125 |
Property Website | Click Here |
Description | No. of Units | Sq ft. | Avg. Monthly Rent |
---|---|---|---|
1B / 1B | 8 | 540 | 1043 |
Income/expense info: | Pro Forma |
---|---|
Gross income: | 104424 |
Operating expenses: | 32491 |
Net operating income: | 71905 |
Full name | Phone number | Email address |
---|---|---|
Adrian Del Rio | 916 303 0133 | [email protected] |
Claudia Aguilar | 916 517 4899 | [email protected] |
California | May 17, 2024
California | May 17, 2024
Chicago & Midwest | May 17, 2024
CBRE | Nevada
Marcus & Millichap
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