1814-1820 T St - Apartments FOR SALE


Sacramento, CA 95811- Richmond Grove
$2,625,000 USD
650-922-1100
1814-1820 T St, Sacramento, CA for Sale
$2,625,000 USD
Apartments - FOR SALE
1/24
null | 4.49% Cap Rate

1814-1820 T St
Sacramento, CA 95811
Richmond Grove


HIGHLIGHTS

  • Laundry onsite
  • Location
  • Rent upside
  • Most units rehabbed

OVERVIEW

T Street Garden Apartments presents a unique chance for investors to acquire a strategically positioned community with considerable potential for value improvement. The current long-term owner has established rental rates that are below the market average, which has effectively reduced tenant turnover, making this property an exceptional investment opportunity. Furthermore, income is generated from the on-site laundry facilities. This offering is particularly ideal for investors seeking a value-add opportunity in one of Sacramento's most sought-after submarkets. The property is fully leased at the moment, boasting a low rate of vacancies and an attractive tenant demographic. The existing owner has kept rental prices lower than the current market rates, providing a potential buyer the opportunity to raise rents and improve overall profitability. Furthermore, the property features well-established landscaping that not only enhances residents' privacy but also creates a peaceful and calming living atmosphere.

FOR SALE DETAILS

PRICE

$2,625,000 USD

PRICE/SF

$493 USD /SF

# OF UNITS

10

PRICE/UNIT

$262,500

CAP RATE

4.49%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1905

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

R-3A

APN/PARCEL ID

010-0091-004

ASK ABOUT THIS PROPERTY

Allan OmandPacific Coast PropertiesMore Info
650-922-1100

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

Allan OmandPacific Coast PropertiesMore Info
650-922-1100

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