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3322 - 3342 Lerwick Road 3326 Lerwick Rd 24 Unit Apartment Building $3,650,000 ($152,083/Unit) 4.47% Cap Rate Sacramento, CA 95821
INVESTMENT HIGHLIGHTS
- Fully occupied 24 unit asset with long-term tenants ensuring consistent and reliable rental income.
- Desirable location situated in a stable Sacramento neighborhood attracts a wide tenant base and supports sustained demand.
- Onsite laundry facilities and ample parking enhance tenant satisfaction and property value.
- 6 well-maintained buildings featuring 2bedrooms and 1bathroom Ideal for immediate cashflow.
- Flexible leases with the majority of tenants on month-to-month leases; excellent potential to adjust rents for increased revenue.
- Managed by a dedicated property management team and an onsite maintenance manager for seamless operations and reduced owner involvement.
EXECUTIVE SUMMARY
EXCEPTIONAL 24-UNIT MULTI-FAMILY INVESTMENT IN A DESIRABLE SACRAMENTO NEIGHBORHOOD! This 24 unit multi-family property offers an outstanding investment opportunity. The 6 well maintained buildings feature 2 bedroom, 1 bathroom apartments that are 100% occupied by long term tenants. The property offers a proven track record of reliable cash flow, with each unit having assigned parking and an on-site laundry facility generating additional revenue. Situated in a stable, convenient neighborhood with access to public transportation, this investment is primed for continued success and provides an excellent opportunity for both seasoned and new investors seeking to expand their portfolio.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$336,240
|
$10.27
|
| Other Income |
$10,574
|
$0.32
|
| Vacancy Loss |
$16,812
|
$0.51
|
| Effective Gross Income |
$330,002
|
$10.08
|
| Taxes |
$18,559
|
$0.57
|
| Operating Expenses |
$148,129
|
$4.53
|
| Total Expenses |
$166,688
|
$5.09
|
| Net Operating Income |
$163,314
|
$4.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $336,240 |
| Annual Per SF | $10.27 |
| Other Income | |
|---|---|
| Annual | $10,574 |
| Annual Per SF | $0.32 |
| Vacancy Loss | |
|---|---|
| Annual | $16,812 |
| Annual Per SF | $0.51 |
| Effective Gross Income | |
|---|---|
| Annual | $330,002 |
| Annual Per SF | $10.08 |
| Taxes | |
|---|---|
| Annual | $18,559 |
| Annual Per SF | $0.57 |
| Operating Expenses | |
|---|---|
| Annual | $148,129 |
| Annual Per SF | $4.53 |
| Total Expenses | |
|---|---|
| Annual | $166,688 |
| Annual Per SF | $5.09 |
| Net Operating Income | |
|---|---|
| Annual | $163,314 |
| Annual Per SF | $4.99 |
PROPERTY FACTS
| Price | $3,650,000 | Apartment Style | Garden |
| Price Per Unit | $152,083 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.09 AC |
| Cap Rate | 4.47% | Building Size | 32,734 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 100% |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | ||
| Zoning | RD-20 | ||
| Price | $3,650,000 |
| Price Per Unit | $152,083 |
| Sale Type | Investment |
| Cap Rate | 4.47% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.09 AC |
| Building Size | 32,734 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Zoning | RD-20 |
AMENITIES
UNIT AMENITIES
- Heating
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Tenant Controlled HVAC
- Maintenance on site
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 24 | $1,158 | 906 |
1 1
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 254-0132-014 | Total Assessment | $1,533,157 |
| Land Assessment | $405,825 | Annual Taxes | $18,559 ($0.57/SF) |
| Improvements Assessment | $1,127,332 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
254-0132-014
Land Assessment
$405,825
Improvements Assessment
$1,127,332
Total Assessment
$1,533,157
Annual Taxes
$18,559 ($0.57/SF)
Tax Year
2025
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3322 - 3342 Lerwick Road | 3326 Lerwick Rd
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