935 Johnfer Way - Apartments FOR SALE


Sacramento, CA 95831- Pocket-Greenhaven
$7,250,000 USD
916-569-2340
935 Johnfer Way, Sacramento, CA for Sale
$7,250,000 USD
Apartments - FOR SALE
1/17
null | 5.9% Cap Rate

935 Johnfer Way
Sacramento, CA 95831
Pocket-Greenhaven


HIGHLIGHTS

  • Highly Desirable Submarket
  • Strong In-Place Cash Flow with Future Upside
  • High Cost of Home-Ownership
  • Unique Asset Amenities

OVERVIEW

Newmark, as the exclusive advisor, is pleased to present the opportunity to acquire the Terra Bella Apartments (the “Property”), a 39-unit, 1970s-vintage apartment community located in the Pocket-Greenhaven neighborhood of Sacramento. Situated less than five miles from Sacramento’s Central Business District, the property’s convenient location provides direct access to the region’s most prominent employment, retail and recreation centers.

FOR SALE DETAILS

PRICE

$7,250,000 USD

PRICE/SF

$224 USD /SF

# OF UNITS

39

PRICE/UNIT

$185,897

CAP RATE

5.9%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Terra Bella Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

41

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

R3, Sacramento

APN/PARCEL ID

029-0312-006

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.