513 N Harbor Blvd - Apartments FOR SALE


West Sacramento, CA 95605- Riverpoint
$1,125,000 USD
916-569-2340
513 N Harbor Blvd, West Sacramento, CA for Sale
$1,125,000 USD
Apartments - FOR SALE
1/9
null | 6.14% Cap Rate

513 N Harbor Blvd
West Sacramento, CA 95605
Riverpoint


HIGHLIGHTS

  • Turn-Key Renovations - All units feature modern vinyl-plank flooring, updated cabinetry and countertops, and new dual-pane windows.
  • Utility Reimbursement Upside - The current owner does not implement RUBS. A new owner has the opportunity add additional cashflow through RUBS.
  • ADU Development Potential - the Property offers ample space for the construction of one or more accessory dwelling units (ADUs).
  • High-Growth Submarket - West Sacramento is one of the fastest-growing submarkets in the region, offering direct access to Downtown with suburban feel.

OVERVIEW

All property tours must be arranged with Newmark listing agents, Will Blucher at (916) 569-2340 or Wills Vlasek at (916) 569-2327. Newmark is pleased to present the opportunity to acquire 513-521 North Harbor Blvd, West Sacramento, CA (the “Property”). The Property is a two-building, seven-unit multifamily community situated on a 0.77-acre parcel and is comprised of a single one-bedroom/one-bathroom unit and six two-bedroom/one-bathroom units. Monthly rents at the Property average $1,543 per unit. Newmark estimates that market rents are currently $1,450 per month for the one bedroom unit and $1,825 per month for the two-bedroom units. The Property is conveniently located just 2-minutes driving distance from Interstate 80, allowing for easy freeway access when commuting to major employment centers throughout the region. Less than one mile from the Property lies West Sacramento’s premier regional power center, including major national tenants such as IKEA, Walmart, Home Depot, Ross, In & Out, Chipotle, and many others. Contact the Newmark Listing Team for more information.

FOR SALE DETAILS

PRICE

$1,125,000 USD

PRICE/SF

$161 USD /SF

# OF UNITS

7

PRICE/UNIT

$160,714

CAP RATE

6.14%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

R3

APN/PARCEL ID

014-043-004-000

ASK ABOUT THIS PROPERTY

William BlucherNewmarkMore Info
916-569-2340

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William BlucherNewmarkMore Info
916-569-2340

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