3441-3445 Altos Ave - Apartments FOR SALE


Sacramento, CA 95838- Hagginwood
$1,198,000 USD
916-224-9808
3441-3445 Altos Ave, Sacramento, CA for Sale
$1,198,000 USD
Apartments - FOR SALE
1/35
null | Request Cap Rate

3441-3445 Altos Ave
Sacramento, CA 95838
Hagginwood


HIGHLIGHTS

  • Single Story construction
  • No decks or balconies, SB721 compliant
  • 15%-20% Upside in rents
  • Clear and executable value-add strategy
  • Separate parcels
  • Submarket Average Occupancy of 95.7%

OVERVIEW

Colliers is pleased to present 3441–3445 Altos Avenue, an (8) unit investment opportunity that sits in a neighborhood surrounded by single family homes. A paired offering of two buildings on two separate parcels delivering flexibility to any investor when it comes to a future resale. The subject properties were built in 1973 and consist of (8) 1-bedroom/1-bath units totaling 3,960 sqft. Of rentable living space. Rents range from $805-$1,250 and a combined total of $7,805. Current market rents are around $1,250, giving a strong upside potential through rental increases to a combined $10,000. Offering a clear value-add opportunity. With quick access to Downtown Sacramento, interstate 80 and major employment corridors including Arden-Arcade and Natomas. 3441-3445 Altos Avenue represents an investment opportunity with real upside.

FOR SALE DETAILS

PRICE

$1,198,000 USD

PRICE/SF

$274 USD /SF

# OF UNITS

8

PRICE/UNIT

$149,750

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

1

YEAR BUILT

1973

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R-1A-SPD

APN/PARCEL ID

250-0210-018,250-0210-019

ASK ABOUT THIS PROPERTY

Aaron FrederickColliersMore Info
916-224-9808

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Aaron FrederickColliersMore Info
916-224-9808

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