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1043 39th St 7 Unit Apartment Building $2,000,000 ($285,714/Unit) 4.80% Cap Rate Sacramento, CA 95816
EXECUTIVE SUMMARY
This 7-plex is located in the Heart of East Sacramento. With attractive yearly gross rents of $173,784 and with its anchor location this investment property should be at the top of your list. Close to two hospitals with a high walkability and bike score to all things East Sac, Midtown and Downtown. All 7 units have premium specs. Five of the units are 2 bedrooms and 1.5 bathrooms with two units having 3 bedrooms and 1.5 bathrooms. Units are in above average condition with updated countertops in kitchen and bathrooms. There are 6 off street parking spots and coin laundry on-site. Central HVAC in all units as well. See attached Pro Forma with detailed information.
DATA ROOM Click Here to Access
- Operating and Financials
PROPERTY FACTS Under Contract
| Price | $2,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $285,714 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 4.80% | Building Size | 8,466 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.5 | No. Stories | 2 |
| No. Units | 7 | Year Built | 1970 |
| Property Type | Multifamily | Parking Ratio | 0.71/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R-4-R - R-4-R - MULTI-FAMILY RESIDENTIAL 60 UNITS / ACRE/REVIEW | ||
| Price | $2,000,000 |
| Price Per Unit | $285,714 |
| Sale Type | Investment |
| Cap Rate | 4.80% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11.5 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 8,466 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 0.71/1,000 SF |
| Zoning | R-4-R - R-4-R - MULTI-FAMILY RESIDENTIAL 60 UNITS / ACRE/REVIEW |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | - | 800 |
| 3+2 | 2 | - | 1,000 |
1 1
Walk Score®
Very Walkable (83)
Bike Score®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 008-0134-033 | Improvements Assessment | $1,418,179 |
| Land Assessment | $384,589 | Total Assessment | $1,802,768 |
PROPERTY TAXES
Parcel Number
008-0134-033
Land Assessment
$384,589
Improvements Assessment
$1,418,179
Total Assessment
$1,802,768
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1043 39th St
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