4140 Broadway - Apartments FOR SALE


Sacramento, CA 95817- Central Oak Park
$515,000 USD
916-730-3846
4140 Broadway, Sacramento, CA for Sale
$515,000 USD
Apartments - FOR SALE
1/70
null | 5.06% Cap Rate

4140 Broadway
Sacramento, CA 95817
Central Oak Park


HIGHLIGHTS

  • Both Units renovated in 2021
  • Great upside potential on rent
  • Close to downtown and Hospitals

OVERVIEW

Opportunity Knocks on this vibrant Oak Park Duplex. Both units are 2bedrooms and 1bath. Both units were renovated in 2021. Both units feature wood laminate flooring, granite countertops, stainless steel kitchen sinks, and new kitchen cabinets with gas stoves. Updated bathrooms with a solid surface shower surround upstairs, tile shower surround downstairs, & updated vanities with granite counter tops in the downstairs bathroom. There is central heating and air upstairs and, wall-mounted heat and air conditioning downstairs. The current rent downstairs is $1500 per month and the rent upstairs is $1600 per month. Total monthly income is $3,100 with an annual Proforma income of $37,200 and a GRM of 13.43 with plenty of upside potential on rents. Rentometer Pro Suggests market rents of $2076 per unit at market rents the GRM would be 10.03! this duplex is located in one of the hottest neighborhoods in Sacramento with new development all around it and located close to Downtown, local hospitals, and many other lifestyle amenities. According to the owner the c-1 zoning would allow a business to operate downstairs with living space upstairs.

FOR SALE DETAILS

PRICE

$515,000 USD

PRICE/SF

$244 USD /SF

# OF UNITS

2

PRICE/UNIT

$257,500

CAP RATE

5.06%

% 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

1935

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

C-1-SPD

APN/PARCEL ID

014-0187-022

ASK ABOUT THIS PROPERTY

Ron BenningRon BenningMore Info
916-730-3846

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Ron BenningRon BenningMore Info
916-730-3846

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