1317 F St - Apartments FOR SALE


Sacramento, CA 95814- Mansion Flats
$3,300,000 USD
916-821-9866
1317 F St, Sacramento, CA for Sale
$3,300,000 USD
Apartments - FOR SALE
1/14
null | 5% Cap Rate

1317 F St
Sacramento, CA 95814
Mansion Flats


HIGHLIGHTS

  • 10 units
  • Downtown location
  • California state capitol within close proximity
  • Several different unit mixes
  • Centrally located

OVERVIEW

We are proud to present 1317 F Street, an exceptional investment opportunity in the Heart of Downtown Sacramento. The subject property is fully remodeled, turn-key multifamily asset located in one of Downtown Sacramento’s most vibrant and desirable neighborhoods. This rare offering provides a compelling combination of stabilized income, recent capital improvements, and significant upside potential all at an attractive cap rate and below market basis. 1317 F Street is a Two-story apartment community comprising 10-Units, on a 0.15-acre lot. The subject property was originally built in 1964 but was completely gutted and remodeled in 2018. 1317 F Street amenities include Laundry, tuck under parking and a remodeled interior corridor. The unit configuration includes two 3-bedroom/2-bathroom units and eight 2-bedroom/1-bathroom units. This building was taken down to the studs and reconfigured with new lighting, windows, kitchens/bathrooms, electrical, plumbing, roof and much more. Truly a turn-key product in Midtown Sacramento. Tenants are responsible for gas and electricity within their unit, while the owner pays water, sewer, and garbage. The new owner can implement a Ratio Utility Billing System (RUBS) to bill a portion of these charges to the residents which is becoming more common in California. These charges can be around $50-125 per unit in addition to the residents’ standard monthly rental payment depending on the amount of people in each unit. This unique opportunity offers a blend of historic charm and modern comfort, making it an appealing and comfortable place to call home.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$439 USD /SF

# OF UNITS

10

PRICE/UNIT

$330,000

CAP RATE

5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Downtown Apartment Complex Coming Soon.

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

R3A

APN/PARCEL ID

002-0124-018

ASK ABOUT THIS PROPERTY

David HerreraColliersMore Info
916-821-9866

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David HerreraColliersMore Info
916-821-9866

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.