321 T St - Apartments FOR SALE


Sacramento, CA 95811- Southside Park
$1,599,000 USD
858-922-4181
321 T St, Sacramento, CA for Sale
$1,599,000 USD
Apartments - FOR SALE
1/21
null | 5.8% Cap Rate

321 T St
Sacramento, CA 95811
Southside Park


HIGHLIGHTS

  • Attractive Unit Mix of 5 Two-Bedroom Townhomes, and 2 Two-Bedroom Flats.
  • 1994 Redevelopment: Four New Units Added and the Existing Three-Unit Building Fully Renovated, Creating a Cohesive Seven-Unit Community.
  • Buildings Feature Durable Stucco Exterior, Pitched Composition Roof, Dual Pane Window, and Central Heating and Air.
  • Excellent Downtown Location, Close to Parks, Restaurants, Golden 1 Center, and the Capitol.
  • Tenant-Friendly Amenities Including On-Site Laundry and Off-Street Parking.
  • All HVAC's Have Been Replaced Since 2020.

OVERVIEW

ALIVE Commercial Real Estate is proud to present T Street Townhomes, a charming seven-unit multifamily investment opportunity ideally located in Sacramento's highly sought-after Southside Park neighborhood, bordering Downtown Sacramento. The property features an attractive unit mix of five spacious two-bedroom/one-bath townhomes and two large two-bedroom/one-bath flats, all offering functional open floor plans and modern interior finishes that appeal to today's renters. In 1994, Building #2 was newly constructed, adding four townhome units, while Building #1 underwent a comprehensive renovation, modernizing its three existing units. Situated just two blocks from Southside Park, one of Downtown Sacramento's premier urban parks spanning nearly 20 acres and six city blocks, residents enjoy immediate access to a lake, community pool, tennis courts, basketball courts, multiple playgrounds, and expansive green space. The property is also within walking distance of many of Sacramento's most desirable destinations, including the State Capitol, Golden 1 Center, Old Sacramento, and the city's thriving downtown dining, entertainment, and employment centers. This exceptional location offers a unique combination of a quiet residential neighborhood and convenient access to the energy and amenities of Downtown Sacramento, making it highly desirable for quality tenants. The next owner will acquire a well-maintained, stabilized, low-maintenance asset with strong in-place operations and excellent long-term appreciation potential.

FOR SALE DETAILS

PRICE

$1,599,000 USD

PRICE/SF

$286 USD /SF

# OF UNITS

7

PRICE/UNIT

$228,429

CAP RATE

5.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

R-3A

APN/PARCEL ID

009-0052-019

ASK ABOUT THIS PROPERTY

Spencer MoyerALIVE Commercial Real EstateMore Info
858-922-4181

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

Spencer MoyerALIVE Commercial Real EstateMore Info
858-922-4181

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