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1025 35th Ave
Sacramento, CA 95822
The Grove Apartments · Multifamily Property For Sale
·
30 Units
PROPERTY FACTS
| No. Units | 30 | Building Size | 22,700 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1966/2019 |
| Building Class | C | Parking Ratio | 1.32/1,000 SF |
| Lot Size | 1.19 AC | ||
| Zoning | R-3 - MULTI-FAMILY RESIDENTIAL 30 UNITS / ACRE | ||
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.19 AC |
| Building Size | 22,700 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1966/2019 |
| Parking Ratio | 1.32/1,000 SF |
| Zoning | R-3 - MULTI-FAMILY RESIDENTIAL 30 UNITS / ACRE |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Granite Countertops
- Tub/Shower
- Carpet
- Patio
SITE AMENITIES
- Courtyard
- Fenced Lot
- Laundry Facilities
- Property Manager on Site
- Grill
- Pet Play Area
ABOUT 1025 35TH AVE , SACRAMENTO, CA 95822
A rare opportunity to acquire a very nice Greenhaven-Pocket property. South Hills Apartments is located in a quiet residential environment, surrounded by well-maintained single family residences. A recent survey of competitive properties nearby suggest immediate rental upside. The market rents projected in the summary are lower than average rents in the area. Even though the existing rents are way below market, there is a Utility Reimbursement program (Rubs) in place that provides additional income. The laundry machines are owned by the Seller. Units have great open floor plans; the current owners hardly ever have any vacancies. Both roofs have recently been replaced and are in good repair. There is an existing 1st Loan held by Chase Bank that can be assumed in the approximate amount of $1,885,000. The interest rate is fixed at 4.24% for another 4 years; the current monthly payment is $9,389.79. All tours are to be scheduled with the listing agent, please do not disturb the resident manager. Highly desirable Greenhaven-Pocket submarket, one of the best rental markets in the Sacramento area. The subject property not only benefits from nearby Restaurants and Retail, but is also only 5 miles from the amazing downtown core.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | $787.50 | 650 - 700 |
| 2+1 | 19 | $875.00 | 800 |
| 3+1 | 1 | $1,150 | 1,000 |
PROPERTY TAXES
| Parcel Number | 024-0142-029 | Improvements Assessment | $6,664,799 |
| Land Assessment | $841,500 | Total Assessment | $7,506,299 |
PROPERTY TAXES
