2522-2524 T St - Apartments FOR SALE


Sacramento, CA 95816- Newton Booth
$4,100,000 USD
916-833-8346
2522-2524 T St, Sacramento, CA for Sale
$4,100,000 USD
Apartments - FOR SALE
1/12
null | 5% Cap Rate

2522-2524 T St
Sacramento, CA 95816
Newton Booth


HIGHLIGHTS

  • 100% Renovated Inside and Out in 2015
  • Central HVAC, Onsite Laundry, and Ample Off Street Parking
  • Prime Midtown Sacramento Location. Minutes to State Capitol, Entertainment, and Sutter / Davis Med Centers

OVERVIEW

Marcus & Millichap is pleased to present 2522-2524 T Street, a beautifully renovated 16-unit apartment property located in the heart of Sacramento's renowned Midtown neighborhood. The property features One and Two Bedroom floorplans with an average unit size of 632 rentable square feet. Situated in the heart of Midtown Sacramento, 2522-2524 T street offers a unique opportunity to purchase a stable, turn key property in one of the most sought after neighborhoods in the region. Long - term ownership brought the property down to the studs in 2015, sparing no expense in a remodel that revamped the property both inside and out. Interior renovation include vinyl plank flooring, new cabinetry, stainless steel appliances, and new shower enclosures. The property also has a functional advantage over many of its neighbors by having central HVAC, giving residents the peace of mind of cold air keeping up during Sacramento's warm summers. The property features off street parking in the alley way, allowing residents the peace of mind that their cars are not exposed on the street. As rents continue to stay strong in Sacramento, 2522-2524 T street further benefits from being walking distance away from many new urban developments such as the Golden 1 Center, DOCO, and the rail-yards project that will be the largest urban infill project in the entire country. Aside from the growing entertainment scene, the property lies in the heart of the regions job center with proximity to the State Capitol, Capitol Mall, and the many restaurants that Midtown/Downtown has to offer. All tours must be scheduled through listing agent. Do not disturb management or residents.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$369 USD /SF

# OF UNITS

16

PRICE/UNIT

$256,250

CAP RATE

5%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,802 SF

ZONING

R1B, Sactramento

APN/PARCEL ID

010-0113-007,010-0113-008

ASK ABOUT THIS PROPERTY

Tony DeLoneyMarcus & MillichapMore Info
916-833-8346

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Tony DeLoneyMarcus & MillichapMore Info
916-833-8346

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