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1200 South Ave 6 Unit Apartment Building $1,100,000 ($183,333/Unit) 6.70% Cap Rate Sacramento, CA 95838
Investment Highlights
- Single level two bedroom floorplans
- Excess land on the south side of the parcel
- Recent unit upgrades
Executive Summary
The Sacramento Multifamily Advisory Group is pleased to present this six unit property located in Sacramento, California. The property comprises of 100% highly sought after single level two bedroom units. Recent unit upgrades enhance the property's appeal with modern finishes and functionality, helping to limit immediate renovation needs and future capital expenditures.
The property is well positioned for workforce housing, with a deep and diverse tenant pool.
Excess land on the south side of the parcel offers potential for future ADU development, subject to local approvals.
All site visits must be coordinated with the listing agent.
For more information please contact Michael Mathios.
The property is well positioned for workforce housing, with a deep and diverse tenant pool.
Excess land on the south side of the parcel offers potential for future ADU development, subject to local approvals.
All site visits must be coordinated with the listing agent.
For more information please contact Michael Mathios.
Property Facts
| Price | $1,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $183,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Cap Rate | 6.70% | Building Size | 3,896 SF |
| Gross Rent Multiplier | 8.2 | No. Stories | 1 |
| No. Units | 6 | Year Built | 1960 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | R-1 | ||
| Price | $1,100,000 |
| Price Per Unit | $183,333 |
| Sale Type | Investment |
| Cap Rate | 6.70% |
| Gross Rent Multiplier | 8.2 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 3,896 SF |
| No. Stories | 1 |
| Year Built | 1960 |
| Opportunity Zone |
Yes |
| Zoning | R-1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 251-0163-009 | Improvements Assessment | $795,600 |
| Land Assessment | $153,000 | Total Assessment | $948,600 |
Property Taxes
Parcel Number
251-0163-009
Land Assessment
$153,000
Improvements Assessment
$795,600
Total Assessment
$948,600
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1200 South Ave