2722-2730 T St - Apartments FOR SALE


Sacramento, CA 95816- Newton Booth
$1,095,000 USD
916-710-0753
2722-2730 T St, Sacramento, CA for Sale
$1,095,000 USD
Apartments - FOR SALE
1/15
null | 5% Cap Rate

2722-2730 T St
Sacramento, CA 95816
Newton Booth


HIGHLIGHTS

  • 5-unit Apartment Building in the historic Newton Booth neighborhood
  • Features 4 one-bedroom units and 1 two-bedroom unit
  • Located 2 blocks from Sacramento Food Co-Op, Temple Coffee, and Bus80 on and off ramps
  • Average Rent is $1,590/month or $1.82 PSF which is about 20% below market

OVERVIEW

2722-2730 T Street is a 5-unit apartment building located in the historic Newton Booth neighborhood in Midtown. The two-story property includes 4 one-bedroom units and 1 two-bedroom unit, each with their own address number and exterior front door off T Street. The units are efficient and spacious at an average size of 870 square feet, and feature original millwork and cabinetry, hardwood floors, and original architectural features. The partial but full-height basement includes shared laundry and additional free tenant storage. The property is located at the corner of 28th and T Streets, just two short blocks from the Sacramento Food Co-Op, Temple Coffee Roasters, and Bus80 on and off ramps. The average existing rent is $1,590 per month ($1.82 PSF), so a buyer can take advantage of attractive upside in the rents and instituting RUBS. Priced at $1,095,000 ($219,000 per door) which is a 5% cap rate based on actual income and expenses.

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$251 USD /SF

# OF UNITS

5

PRICE/UNIT

$219,000

CAP RATE

5%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,202 SF

ZONING

C2, Sacramento

APN/PARCEL ID

010-0127-009

ASK ABOUT THIS PROPERTY

Jon LangTurton Commercial Real EstateMore Info
916-710-0753

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Jon LangTurton Commercial Real EstateMore Info
916-710-0753

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