3222 2nd Ave - Apartments FOR SALE


Sacramento, CA 95817- North Oak Park
$1,795,000 USD
916-218-8013
3222 2nd Ave, Sacramento, CA for Sale
$1,795,000 USD
Apartments - FOR SALE
1/18
null | 6.06% Cap Rate

3222 2nd Ave
Sacramento, CA 95817
North Oak Park


HIGHLIGHTS

  • Quartz Countertops, Brushed Nickel Hardware, Stainless Steel Appliances, Updated Lighting Fixtures, and In-Unit Washer/Dryer in Renovated Units.
  • Excellent Location, Walking Distance to Broadway Triangle, and Close Proximity to Midtown/Downtown Sacramento.
  • Well-Maintained & Improved Eight-Unit Multifamily Building.
  • Stabilized Asset with Proven Value-Add Strategy.
  • Poised For Continued Rent Growth & Price Appreciation Due to Desirable Location.

OVERVIEW

ALIVE Commercial Real Estate is pleased to present 3222 2nd Avenue, an eight-unit apartment community located in Sacramento, California. The property is comprised of eight spacious one-bedroom/one-bathroom units, each approximately 700 square feet. The majority of the units have been recently updated with laminate flooring, updated bathroom fixtures, modern cabinetry, new kitchen appliances, and in-unit washer/dryers — allowing new ownership to benefit from immediate operational efficiencies and enhanced tenant demand. The building features a durable stucco exterior, pitched composition shingle roof, dual-pane windows, and controlled access. New ownership will acquire a stabilized asset with a clearly defined value-add strategy through completion of renovations on the remaining units and the ability to achieve meaningful rent premiums in a supply-constrained submarket.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$264 USD /SF

# OF UNITS

8

PRICE/UNIT

$224,375

CAP RATE

6.06%

% 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

1958

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R2B

APN/PARCEL ID

010-0371-006

ASK ABOUT THIS PROPERTY

Ty DonahueALIVE Commercial Real EstateMore Info
916-218-8013

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Ty DonahueALIVE Commercial Real EstateMore Info
916-218-8013

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