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1040 Fulton Avenue

1040 Fulton Avenue, Sacramento, CA 95825

N/A

22 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
22
Building Size:
18,800 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
6.20%
Gross Rent Multiplier:
9.70
No. Stories:
2
Year Built:
1990
Lot Size:
0.85 AC
APN / Parcel ID:
286-0260-011
Parking Ratio:
1.82 / 1,000 SF
Listing ID
18208273
Last Updated
334 days ago

Highlights

  • Income Upside
  • Stable Tenants
  • Great Location
  • Built in 1990
  • Spacious Units

Description

A "turn-key" opportunity to acquire 22 spacious units built in 1990. Income upside can be achieved by updating the units as they turn, and then slowly raising the justified rents. All units have central heat/air, washer/dryer (in unit), dishwasher, garbage disposal, ceiling fans, and patios and/or balconies.

Located on Fulton Avenue, this property allows for easy access to upscale restaurants, shopping, schools, employment, and public transportation lines. Highly desirable neighborhoods of Sierra Oaks Vista and Sierra Oaks lie just to south of 1040 Fulton.

Map of 1040 Fulton Avenue, Sacramento, CA 95825 (Sacramento County)

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Created 6/7/2013