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2522-2524 T St 16 Unit Apartment Building $4,100,000 ($256,250/Unit) 5.25% Cap Rate Sacramento, CA 95816
INVESTMENT HIGHLIGHTS
- Beautifully remodeled turnkey property completely rehabbed in 2015
- Property features an abundance of parking for Midtown Sacramento. 13 individual spaces are available in the back of the property
- Central HVAC for All Units
- All units feature stone countertops, stainless steel appliances, upgraded cabinets, upgraded floors, central HVAC, kitchen backsplashes, new windows
- Property Has Been Well-Maintained and Has Stable Operating History
- On-Site Laundry Facility
EXECUTIVE SUMMARY
Situated in the heart of Midtown Sacramento, 2522-2524 T street offers a unique opportunity to purchase a stable, turn key property in one of the most sought after neighborhoods in the region. Long - term ownership completely remodeled the property in 2015, sparing no expense in an upgrade that revamped the property both inside and out. The property also has a functional advantage over many of its neighbors by having central HVAC, giving residents the peace of mind of cold air keeping up during Sacramento's warm summers.
As rents continue to stay strong in Sacramento, 2522-2524 T street further benefits from being walking distance away from many new urban developments such as the Golden 1 Center, DOCO, and the rail-yards project that will be the largest urban infill project in the entire country. Aside from the growing entertainment scene, the property lies in the heart of the regions job center with proximity to the State Capitol, Capitol Mall, and the many restaurants that Midtown/Downtown has to offer.
As rents continue to stay strong in Sacramento, 2522-2524 T street further benefits from being walking distance away from many new urban developments such as the Golden 1 Center, DOCO, and the rail-yards project that will be the largest urban infill project in the entire country. Aside from the growing entertainment scene, the property lies in the heart of the regions job center with proximity to the State Capitol, Capitol Mall, and the many restaurants that Midtown/Downtown has to offer.
PROPERTY FACTS
| Price | $4,100,000 | Building Class | C |
| Price Per Unit | $256,250 | Lot Size | 0.30 AC |
| Sale Type | Investment | Building Size | 11,100 SF |
| Cap Rate | 5.25% | Average Occupancy | 95% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1975/2015 |
| Property Subtype | Apartment | Parking Ratio | 1.17/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R1B, Sacramento | ||
| Price | $4,100,000 |
| Price Per Unit | $256,250 |
| Sale Type | Investment |
| Cap Rate | 5.25% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 11,100 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1975/2015 |
| Parking Ratio | 1.17/1,000 SF |
| Zoning | R1B, Sacramento |
AMENITIES
UNIT AMENITIES
- Balcony
- Fireplace
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Freezer
- Vinyl Flooring
- Quartz Countertops
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 13 | - | 574 |
| 2+1 | 3 | - | 881 |
1 1
Walk Score®
Very Walkable (88)
Bike Score®
Biker's Paradise (100)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,427,039 | |
| Land Assessment | $765,530 | Total Assessment | $3,192,569 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$765,530
Improvements Assessment
$2,427,039
Total Assessment
$3,192,569
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2522-2524 T St
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