3540 J St - Apartments FOR SALE


Sacramento, CA 95816- East Sacramento
$1,650,000 USD
916-833-8346
3540 J St, Sacramento, CA for Sale
$1,650,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

3540 J St
Sacramento, CA 95816
East Sacramento


HIGHLIGHTS

  • Value-add opportunity to own charming architecture and vintage construction in an unbeatable East Sacramento location.
  • Walking distance to Mercy General Hospital
  • Laundry facility on-site, bike storage in the basement and one-car garage attached to a unit.

OVERVIEW

The Deloney Group of Marcus & Millichap is pleased to present 3540 J Street, a 9-unit multifamily dwelling located in the revered East Sacramento near Mercy General Hospital. The property is comprised of (2) studio units (6) one-bedroom/one-bathroom units, and (1) one-bedroom/one-bathroom unit which includes a garage. Featuring three stories, the property provides tenants with exceptional access to neighborhood amenities. Current ownership has held the property for many decades. Rent comparables suggest that gross monthly income for the property has about 58% upside, making for a massive opportunity for the next owner. Once restored to its glory, 3540 J Street will feature prominently on J Street as a top destination for renters seeking East Sacramento housing combined with historical appeal. All tours must be scheduled through listing agents. Please do not disturb residents or management.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$173 USD /SF

# OF UNITS

9

PRICE/UNIT

$183,333

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

3

YEAR BUILT

1940

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

R-3

APN/PARCEL ID

007-0135-001

ASK ABOUT THIS PROPERTY

Tony DeLoneyMarcus & MillichapMore Info
916-833-8346

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

Tony DeLoneyMarcus & MillichapMore Info
916-833-8346

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