This Multifamily Property is Off-Market.

1040 Fulton Avenue
Sacramento, CA 95825 ·

22 Units · Multifamily For Sale

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Multifamily Property For Sale

Price N/A Gross Rent Multiplier 9.70
No. Units 22 No. Stories 2
Building Size 18,800 SF Year Built 1990
Property Type Multifamily Lot Size 0.85 AC
Property Sub-type Garden/Low-Rise APN / Parcel ID 286-0260-011
Property Use Type Investment Parking Ratio 1.82 / 1,000 SF
Cap Rate 6.20%
Listing ID: 18208273 Date Created: 06/07/2013 Last Updated: 08/27/2013

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.

Highlights

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

Research

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

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