2823 U St - Apartments FOR SALE


Sacramento, CA 95817- Newton Booth
$1,495,000 USD
916-724-1294
2823 U St, Sacramento, CA for Sale
$1,495,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

2823 U St
Sacramento, CA 95817
Newton Booth


HIGHLIGHTS

  • Value-Add Rental Upside – Opportunity to increase revenue through continued interior renovations, creating significant future income growth.
  • Prime Midtown / East Sacramento Location – Highly walkable location near restaurants, nightlife, employment centers, public transportation, etc.
  • Desirable Unit Mix – Efficient one- and two-bedroom floorplans appeal to Sacramento's largest renter demographic and long term occupancy / growth

OVERVIEW

The DeLoney Group of Marcus & Millichap has been retained to list fee simple interest in 2823 U Street, a well-located 10-unit apartment community in one of Sacramento's most desirable urban neighborhoods. Situated just blocks from the vibrant Midtown corridor and in close proximity to East Sacramento, the property benefits from strong tenant demand driven by its walkability, access to major employment centers, and proximity to Sacramento's best dining, retail, and entertainment amenities. The property offers a compelling value-add opportunity through continued unit renovations and rent growth. Current operations indicate meaningful upside as units are modernized and rents are aligned with surrounding market-rate properties. The underwriting projects a significant increase in net operating income through a combination of rental upside, utility reimbursements, and operational efficiencies, creating a clear path to enhanced cash flow and long-term appreciation. Please do not disturb management or residents. All tours must be scheduled through David DeLoney.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$187 USD /SF

# OF UNITS

10

PRICE/UNIT

$149,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,399 SF

ZONING

C-2-SPD

APN/PARCEL ID

010-0123-014

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.