2065-2081 15th Avenue - Apartments FOR SALE


Sacramento, CA 95822- Pocket-Greenhaven
$1,950,000 USD
916-224-9808
2065-2081 15th Avenue, Sacramento, CA for Sale
$1,950,000 USD
Apartments - FOR SALE
1/17
null | 6.11% Cap Rate

2065-2081 15th Avenue
Sacramento, CA 95822
Pocket-Greenhaven


HIGHLIGHTS

  • Two parcels
  • 7-unit and 4-plex
  • Updated Units
  • In-unit laundry
  • Off-street parking
  • Wall heating & AC

OVERVIEW

Colliers is pleased to present 2065-2081 15th Avenue, an 11-unit apartment complex that consists of two contiguous parcels with one lot housing a 7-unit complex and the adjacent a 4-plex. The property features Eight-1bed/1bath, One-2bed/1bath, One-2bed/2bath, and One-3bed/1bath units. All units have been updated on the interior to include in-unit washer/dryer, dishwasher, wood laminate flooring throughout, along with new cabinets and countertops. The 3bedroom unit features central heat and air while the remaining units are wall heat and air condition. A RUBS program has been implemented to bill residents for common area utilities and could still be increased an additional $25 per unit on turnover. A new owner will enjoy an easy to maintain property that is well located in the Sacramento region. This complex is situated in William Land Park which is a highly desirable area of Sacramento. Residents are walking distance to Sacramento City College, Sacramento Zoo, and William Land Park which the neighborhood was named after. There is plenty of groceries and restaurants in close proximity with a nearby Sprouts Farmer Market, Raley’s, Safeway, CVS and Walgreens. In addition, there is a wide range of local eateries and breweries plus national chains such as Panda Express, Papa Murphy’s Pizza, Little Caesars, and Burger King. This strong infill location between I-5 and Hwy-99 provides residents access to all things that make Sacramento great. The Golden 1 Center is 5-miles from the complex and the Central Business District is even closure which is vibrant with jobs, entertainment, shopping and dinning experiences.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$242 USD /SF

# OF UNITS

11

PRICE/UNIT

$177,273

CAP RATE

6.11%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,220 SF

ZONING

R-3

APN/PARCEL ID

018-0011-035

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.