2811 F St - Apartments FOR SALE


Sacramento, CA 95816- Midtown Sacramento
$6,150,000 USD
916-561-0204
2811 F St, Sacramento, CA for Sale
$6,150,000 USD
Apartments - FOR SALE
1/27
null | 5.56% Cap Rate

2811 F St
Sacramento, CA 95816
Midtown Sacramento


HIGHLIGHTS

  • Highly Desirable AAA Midtown Location
  • Walking Distance to McKinley Park
  • Meticulously Maintained by same 31 year Ownership
  • Charming unit floor plans

OVERVIEW

Brittain Commercial is pleased to present the Rio Terrace Apartments, a 29-unit apartment complex located at 2811-2917 F Street. Situated near the highly desirable vibrant Boulevard Park area of Midtown Sacramento you will find a charming community with easy freeway access, on-site laundry, on-site parking and modernized interiors. The location provides its residents with a Walk Score of 86. Nearby is McKinley Park, a historically significant city park originated in 1871, Sutter's Fort State Historical Park, Sutter Medical, Temple Coffee, Sacramento Food Co-op, the local Light Rail system, Downtown Sacramento, CSUS and more. This location one right in the heart of the action—steps away from eclectic dining, live music, art, and everything that makes Midtown one of Sacramento’s most sought-after places to live, easy freeway access The property has been operated by the same ownership for over 31 years and is currently managed by one of the partners. The majority of units are rented below market and offer a new owner with tremendous upside potential. The current ownership has achieved market rents on a select few units that have been renovated. There are 3 garages, 3 covered spaces, 6 spaces that are gated and 5 open off-street parking spaces that generate additional revenue. Opportunity to implement common area maintenance fees to increase revenue. As Sacramento continues to experience rapid population growth and rising property values, The Rio Terrace Apartments offer an exceptional investment opportunity to capitalize on the region’s ongoing economic expansion.

FOR SALE DETAILS

PRICE

$6,150,000 USD

PRICE/SF

$234 USD /SF

# OF UNITS

30

PRICE/UNIT

$205,000

CAP RATE

5.56%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rio Terrace Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,210 SF

ZONING

R1B, Sacramento

APN/PARCEL ID

003-0154-018,003-0154-019,003-0154-020

ASK ABOUT THIS PROPERTY

Jim DrazenovichBrittain CommercialMore Info
916-561-0204

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Jim DrazenovichBrittain CommercialMore Info
916-561-0204

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