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1860 Ethan Way
Sacramento, CA 95825
Ethan Park Place · Multifamily Property For Sale
·
22 Units
Investment Highlights
- Offered at an Attractive Basis of $127,272 Per Unit.
- Ideally Located Adjacent to the Arden Fair Mall, Cal Expo, Home Depot , and Numerous Major Employers.
- Value Add Opportunity Offered Far Below Replacement Cost.
- 6.33% Current Cap Rate Underwritten to a Realistic 46% Expense Load.
- Fully Gated Community Featuring Onsite Laundry and Ample Parking.
Property Facts
| No. Units | 22 | Building Size | 20,409 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 1.95/1,000 SF |
| Lot Size | 0.66 AC | ||
| Zoning | RD30, Sacramento - Residential | ||
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.66 AC |
| Building Size | 20,409 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.95/1,000 SF |
| Zoning | RD30, Sacramento - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Heating
- Kitchen
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | - | 650 |
| 2+1 | 6 | - | 750 |
| 3+2 | 1 | - | 1,100 |
Property Taxes
| Parcel Number | 278-0270-002 | Improvements Assessment | $2,603,249 |
| Land Assessment | $476,269 | Total Assessment | $3,079,518 |
Property Taxes
Parcel Number
278-0270-002
Land Assessment
$476,269
Improvements Assessment
$2,603,249
Total Assessment
$3,079,518
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