3836 43rd Ave - Apartments FOR SALE


Sacramento, CA 95824- Parkway-South Sacramento
$700,000 USD
916-224-9808
3836 43rd Ave, Sacramento, CA for Sale
$700,000 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 2065-2081 15th Avenue, an 11-unit apartment complex that consists of two contiguous parcels with one lot housing a 7-unit complex and the adjacent a 4-plex. The property features Eight-1bed/1bath, One-2bed/1bath, One-2bed/2bath, and One-3bed/1bath units. All units have been updated on the interior to include in-unit washer/dryer, dishwasher, wood laminate flooring throughout, along with new cabinets and countertops. The 3bedroom unit features central heat and air while the remaining units are wall heat and air condition. A RUBS program has been implemented to bill residents for common area utilities and could still be increased an additional $25 per unit on turnover. A new owner will enjoy an easy to maintain property that is well located in the Sacramento region. This complex is situated in William Land Park which is a highly desirable area of Sacramento. Residents are walking distance to Sacramento City College, Sacramento Zoo, and William Land Park which the neighborhood was named after. There is plenty of groceries and restaurants in close proximity with a nearby Sprouts Farmer Market, Raley’s, Safeway, CVS and Walgreens. In addition, there is a wide range of local eateries and breweries plus national chains such as Panda Express, Papa Murphy’s Pizza, Little Caesars, and Burger King. This strong infill location between I-5 and Hwy-99 provides residents access to all things that make Sacramento great. The Golden 1 Center is 5-miles from the complex and the Central Business District is even closure which is vibrant with jobs, entertainment, shopping and dinning experiences.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$283 USD /SF

# OF UNITS

4

PRICE/UNIT

$175,000

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

-

LAND 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.