2801 D St - Apartments FOR SALE


Sacramento, CA 95816- Central Sacramento
$1,195,000 USD
916-541-3630
2801 D St, Sacramento, CA for Sale
$1,195,000 USD
Apartments - FOR SALE
1/26
null | 5.42% Cap Rate

2801 D St
Sacramento, CA 95816
Central Sacramento


HIGHLIGHTS

  • Terrific Midtown location walking distance to McKinley Park
  • Full remodeled units with market rents in palce
  • 30 year residential financing in place
  • Opportunity to convert garage to another unit
  • Vaulted Ceilings and washer dryer in each unit

OVERVIEW

2801 D Street is a fully renovated fourplex located in Sacramento's desirable Midtown area. The property consists of four spacious 1-bedroom, 1-bathroom units, each thoughtfully remodeled with updated kitchens, bathrooms, flooring, and finishes throughout. Each unit also features its own washer and dryer, providing a highly desirable amenity for tenants. The property is 100% occupied and benefits from strong in-place rents totaling approximately $7,670 per month, offering an investor immediate cash flow with minimal near-term capital improvements needed. Additional upside exists through the detached garage, with plans to convert the space into a 1-bedroom, 1-bathroom ADU, providing the opportunity to add a fifth income-producing unit and further increase the property's revenue potential. Located in a quiet residential pocket of Midtown near East Sacramento, McKinley Park, restaurants, shopping, and employment centers, 2801 D Street offers investors a rare combination of turnkey condition, strong existing income, and additional value-add potential.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$390 USD /SF

# OF UNITS

4

PRICE/UNIT

$298,750

CAP RATE

5.42%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

R-1

APN/PARCEL ID

003-0104-022

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.