2522-2524 T St - Apartments FOR SALE


Sacramento, CA 95816- Newton Booth
$4,100,000 USD
916-724-1294
2522-2524 T St, Sacramento, CA for Sale
$4,100,000 USD
Apartments - FOR SALE
1/12
null | 5.25% Cap Rate

2522-2524 T St
Sacramento, CA 95816
Newton Booth


HIGHLIGHTS

  • Beautifully remodeled turnkey property completely rehabbed in 2015
  • All units feature stone countertops, stainless steel appliances, upgraded cabinets, upgraded floors, central HVAC, kitchen backsplashes, new windows
  • Property features an abundance of parking for Midtown Sacramento. 13 individual spaces are available in the back of the property
  • Property Has Been Well-Maintained and Has Stable Operating History
  • Central HVAC for All Units
  • On-Site Laundry Facility

OVERVIEW

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 completely remodeled the property in 2015, sparing no expense in an upgrade that revamped the property both inside and out. 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. 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.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$369 USD /SF

# OF UNITS

16

PRICE/UNIT

$256,250

CAP RATE

5.25%

% 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

1975

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,121 SF

ZONING

R1B, Sacramento

APN/PARCEL ID

010-0113-007,010-0113-008

ASK ABOUT THIS PROPERTY

David DeLoneyMarcus & MillichapMore Info
916-724-1294

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David DeLoneyMarcus & MillichapMore Info
916-724-1294

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