This property is Off-Market

4259 "G"Parkway
Sacramento, CA 95823 ·

3 Units · Multifamily For Sale

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Condominium unit in Franklin Villas Sacramento

Price N/A Cap Rate 6.20%
No. Units 3 Gross Rent Multiplier 8.88
Building Size 840 SF Occupancy 67%
Property Type Multifamily Year Built 1970
Property Sub-type Duplex/Triplex/Fourplex Lot Size 0.02 AC
Property Use Type Investment
Listing ID: 13699389 Date Created: 06/01/2003 Last Updated: 09/06/2004

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.

Highlights

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

Research

4259 "G"Parkway, Sacramento, CA 95823 (Sacramento County)

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