921 Rivera Dr - Apartments FOR SALE


Sacramento, CA 95838- Hagginwood
$788,800 USD
916-524-5245
921 Rivera Dr, Sacramento, CA for Sale
$788,800 USD
Apartments - FOR SALE
1/28
null | 9.9% Cap Rate

921 Rivera Dr
Sacramento, CA 95838
Hagginwood


OVERVIEW

Rare Multi-Family Investment Opportunity sitting on nearly a 1/2 acre with approved plans to build another ADU! Annual rent revenue of over $76,000 per year. Four Income producing rentals across 3 buildings, plus Three detached support structures (Garage, Laundry, Storage). The package includes a standalone renovated 3-Bed/1 Bath unit, a stand alone 2 bed/1 bath and a duplex featuring a 1 bed/1 bath and a 2 bed/1 bath. Recently upgraded property including a new roof. Conveniently located minutes from shopping, grocery, hwy 80 and local schools, this property is well positioned for consistent tenant demand. Efficiently configured for low-complexity management with upside through rent optimization and laundry income. At asking, this asset offers a compelling return with a projected cap rate of over 9% - Ideal for investors and 1031 exchange buyers.

FOR SALE DETAILS

PRICE

$788,800 USD

PRICE/SF

$215 USD /SF

# OF UNITS

4

PRICE/UNIT

$197,200

CAP RATE

9.9%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

R-1

APN/PARCEL ID

251-0282-018

ASK ABOUT THIS PROPERTY

Michael ErmanERA Carlile Realty GroupMore Info
916-524-5245

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Michael ErmanERA Carlile Realty GroupMore Info
916-524-5245

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