3836 43rd Ave - Apartments FOR SALE


Sacramento, CA 95824- Parkway-South Sacramento
$650,000 USD
916-224-9808
3836 43rd Ave, Sacramento, CA for Sale
$650,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

3836 43rd Ave
Sacramento, CA 95824
Parkway-South Sacramento


HIGHLIGHTS

  • Generating $3,950/month
  • Ample Parking
  • Pitched roof
  • Secured gated entrance
  • On-site Laundry
  • Submarket Average Occupancy of 96.5%

OVERVIEW

Colliers is pleased to present 3836 43rd Ave, a four-unit investment property located in the growing South Sacramento submarket. Built in 1958, the building consists of 1-bedroom/1-bath units, with 2,472 square feet of rentable living space. The property is currently generating $3,950 per month. There is strong upside potential through rent increases, with average market rents in the area around $1,350 per unit, offering a clear value-add opportunity. The property features a gated community setting offering off-street parking and an on-site laundry facility. The subject property offers an exceptional opportunity for investors or owner-occupants seeking steady rental income. Convenience, affordability, access to existing businesses and employment opportunities in the surrounding region make this corridor desirable to residents. The area continues to attract a wide range of national, regional, and local employers due to the proximity to major highways and the liveliness. As residents are priced out of the single-family housing market, many residents in the community are realizing without significant wage growth they will be long term renters.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$263 USD /SF

# OF UNITS

4

PRICE/UNIT

$162,500

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

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,318 SF

ZONING

RD-20

APN/PARCEL ID

037-0181-010

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 Policy.