6267 Martin Luther King Jr Blvd - Apartments FOR SALE


Sacramento, CA 95824- Parkway-South Sacramento
$15,000,000 USD
916-288-4522
6267 Martin Luther King Jr Blvd, Sacramento, CA for Sale
$15,000,000 USD
Apartments - FOR SALE
1/17
null | 7.7% Cap Rate

6267 Martin Luther King Jr Blvd
Sacramento, CA 95824
Parkway-South Sacramento


HIGHLIGHTS

  • Value add asset with demonstrated rent acceptance despite deferred maintenance, Summerset Apartments continues to achieve competitive rents
  • The bankruptcy disposition offers a rare opportunity to acquire at a discounted basis
  • The property serves a core workforce housing demographic
  • The community benefits from proximity to major employment corridors, Highway 99, public transit options, and dense neighborhood serving retail

OVERVIEW

This is a Chapter 11 Trustee sale and will follow the Bankruptcy process. The Bankruptcy Court will need to approve the final sale. The property is being offered for sale subject to prior placement and withdrawal, cancellation or modification without notice. Contact listing agent for the Offering Memorandum and more information. All property showings are by appointment only and must be arranged through Michael Mathios. Please do not approach or contact the tenants or on-site personnel.

FOR SALE DETAILS

PRICE

$15,000,000 USD

PRICE/SF

$164 USD /SF

# OF UNITS

120

PRICE/UNIT

$125,000

CAP RATE

7.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Summerset

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

175

LAND DETAILS

LAND ACRES

5.66 AC

LAND SF

246,550 SF

ZONING

RD20

APN/PARCEL ID

037-0188-005,037-0251-011

ASK ABOUT THIS PROPERTY

Michael MathiosCushman & WakefieldMore Info
916-288-4522

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Michael MathiosCushman & WakefieldMore Info
916-288-4522

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