2316 Villanova Cir - Apartments FOR SALE


Sacramento, CA 95825- Outer Arden-Arcade
$1,649,000 USD
916-541-3630
2316 Villanova Cir, Sacramento, CA for Sale
$1,649,000 USD
Apartments - FOR SALE
1/54
null | 6.08% Cap Rate

2316 Villanova Cir
Sacramento, CA 95825
Outer Arden-Arcade


HIGHLIGHTS

  • Updated Electrical panels
  • Single Level duplex style units
  • All 2 Bed 1 Bath with vaulted ceilings and private patios
  • In place 6% cap with upside in rents. Neighboring property getting $1850 for same style units.
  • Close proximity to Sacramento State University, Starbucks, Panera, and Raleys
  • Roofs were replaced in the last 10 years. On Site laundry and off street parking

OVERVIEW

Peppertree is a 9 unit apartment community consisting of all 2 bed 1 bathroom single level units. The units have vaulted ceilings and private patios. The roofs were all replaced within the last 9 years. The electrical panels were replaced in 2024. The apartments come equipped with central heat and air. 2 units were just filled at $1745 and the remaining 7 average $1559 in rents. The property grosses $14,600 a month which is $175,200 a year. After 40% expenses it nets $100,000 a year. There is additional upside in rents as well. The property is situated on a .5 acre lot with off street parking and on site laundry. Close proximity to Swanston Park, Starbucks, Raleys, and Sacramento State University.

FOR SALE DETAILS

PRICE

$1,649,000 USD

PRICE/SF

$222 USD /SF

# OF UNITS

9

PRICE/UNIT

$183,222

CAP RATE

6.08%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Peppertree

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,574 SF

ZONING

RD20 F, Sacramento

APN/PARCEL ID

285-0265-006

ASK ABOUT THIS PROPERTY

Tim SwanstonNorth Coast Commercial, Inc.More Info
916-541-3630

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Tim SwanstonNorth Coast Commercial, Inc.More Info
916-541-3630

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