Historical Multifamily Sale Listing - Condominium unit in Franklin Villas Sacramento

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Condominium unit in Franklin Villas Sacramento

4259 "G"Parkway, Sacramento, CA 95823

N/A

3 Units | Multifamily

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7312 Franklin #3

Multifamily Property - Off Market

Price:
N/A
No. Units:
3
Building Size:
840 SF
Property Type:
Multifamily
Property Sub-type:
Duplex/Triplex/Fourplex
Property Use Type:
Investment
Cap Rate:
6.20%
Gross Rent Multiplier:
8.88
Occupancy:
67%
Year Built:
1970
Lot Size:
0.02 AC
Listing ID
13699389
Last Updated
over 1 year ago

Highlights

  • HOA maintains exterior
  • Units rented for $750 per month
  • HOA Dues cost $144 per month
  • Positive cash flow even with miniscule down payment

Description

Condominium units in Franklin Villa Townhomes. Built by Mckeon in the 1970's. Units have increased tenfold in value over the past decade, and still have some upside to go. Same units sell for $120,000 to $150,000 in nearby subdivisions. These are listed for $75,000 to $85,500
Cap rate 6.2
GRM 8.8 -8.9
ROI at 25% down 8.34%, ROI at 15% down is 10.2%, ROI AT 10% down is 12.4
Cash on cash with 25% down is 4.3% Cash on cash (all cash) is 5.1%
Figure in probable 50-60% appreciation over the next two or three years when the City of Sacramento redevelops the immediate neighborhood, and you will have a huge winner. .

7312 Franklin Boullevard #3 - pending
73 La Fresa Court #2 - pending
1 La Fresa Court #3 - pending
4259 G Parkway #1 - for sale at $75,000 as is or $85,000 after redecoration.

Map of 4259 "G"Parkway, Sacramento, CA 95823

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