1705 Kenwood St - Apartments FOR SALE


Sacramento, CA 95815- North Sacramento
$1,050,000 USD
916-224-9808
1705 Kenwood St, Sacramento, CA for Sale
$1,050,000 USD
Apartments - FOR SALE
1/20
null | 6.38% Cap Rate

1705 Kenwood St
Sacramento, CA 95815
North Sacramento


HIGHLIGHTS

  • • Three separate single-story buildings, two with stucco exteriors
  • • Wall heat and air conditioning
  • • Gas or electric stove and refrigerator
  • • Laminate flooring throughout, with carpeted bedrooms
  • • Individual water heaters
  • • Separate gas and electric meters

OVERVIEW

Colliers is proud to present 1705 Kenwood Street, a well-maintained 6-unit multifamily property located in the Hagginwood neighborhood of Sacramento, California. This versatile asset offers a balanced unit mix, including: • One detached 2-bedroom / 1-bathroom single-family home • Two 2-bedroom / 1-bathroom apartment units • Three studio units The property has been owned and operated by the same family for the past decade, during which time they’ve completed ongoing improvements and updates. With ownership based out of the area, a local investor or Sacramento-based management company can further enhance performance through more efficient leasing and operational oversight. Value-Add Potential A compelling upside exists through the implementation of a Ratio Utility Billing System (RUBS) at unit turnover. This utility cost recovery strategy can increase monthly cash flow by approximately $25 to $75 per unit, depending on usage and occupancy. Location Overview Located in Hagginwood, the property benefits from proximity to key Sacramento destinations: • Arden Fair Mall – less than 2.4 miles • Downtown Sacramento / Golden 1 Center – just over 5 miles This area offers strong rental demand, with 53% of residents renting and 47% owning. Families enjoy access to nearby elementary, middle, and high schools, along with numerous public parks and recreational amenities. Property Highlights Three separate single-story buildings, two with stucco exteriors Each unit includes: • Wall heat and air conditioning • Gas or electric stove and refrigerator • Laminate flooring throughout, with carpeted bedrooms • Individual water heaters • Separate gas and electric meters Parking: Off-street and on-street parking available

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$253 USD /SF

# OF UNITS

6

PRICE/UNIT

$175,000

CAP RATE

6.38%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1936

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

R-2A

APN/PARCEL ID

265-0384-005

ASK ABOUT THIS PROPERTY

Aaron FrederickColliersMore Info
916-224-9808

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Aaron FrederickColliersMore Info
916-224-9808

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