1617-1621 Lisbon Ave - Apartments FOR SALE


West Sacramento, CA 95605- Riverpoint
$1,900,000 USD
916-956-0415
1617-1621 Lisbon Ave, West Sacramento, CA for Sale
$1,900,000 USD
Apartments - FOR SALE
1/13
null | 5.57% Cap Rate

1617-1621 Lisbon Ave
West Sacramento, CA 95605
Riverpoint


OVERVIEW

Kidder Mathews is pleased to exclusively offer for sale 1617-1621 Lisbon Avenue in West Sacramento, California. This 12-unit apartment complex features a diverse mix of one-, two-, and three-bedroom floor plans. Constructed in 1950, half of the units have been fully renovated with updated flooring, new kitchens and bathrooms, and dual-pane windows. Lisbon Avenue presents a unique value-add opportunity for investors through the conversion of an unused auditorium situated in the center of the property into potentially two townhome-style units. The expansive one-acre lot includes a large grass area ideal for an additional Accessory Dwelling Unit (ADU).

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$131 USD /SF

# OF UNITS

12

PRICE/UNIT

$158,333

CAP RATE

5.57%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1617 Lisbon Ave - West Sacramento

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

22

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

R1-A, W Sacramento

APN/PARCEL ID

014-074-015-000

ASK ABOUT THIS PROPERTY

Ben FrazierKidder MathewsMore Info
916-956-0415

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Ben FrazierKidder MathewsMore Info
916-956-0415

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