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3 Unit Apartment Building Midtown 400-402 21st St 3 Unit Apartment Building $995,000 ($331,667/Unit) 5% Cap Rate Sacramento, CA 95811
INVESTMENT HIGHLIGHTS
- Corner Location (21st & D Streets)
- 3 Apartment Units
- Stable Investment
- 2 Blocks from the proposed 53 ACRE Blue Diamond Development
- 100% Leased
EXECUTIVE SUMMARY
100% Leased Midtown Apartment Property
400 21st Street is a 3 unit multi-family property located on the corner of 21st and D Street in Midtown Sacramento 2 Blocks from the Blue Diamond 53 ACRE future development. Walkable to local park, national, local and regional restaurants and retailers.
Corner Location
Midtown Apartment Building
Walking Distance to Midtown Nightlife
Stable Investment
100% Occupied
400 21st Street is a 3 unit multi-family property located on the corner of 21st and D Street in Midtown Sacramento 2 Blocks from the Blue Diamond 53 ACRE future development. Walkable to local park, national, local and regional restaurants and retailers.
Corner Location
Midtown Apartment Building
Walking Distance to Midtown Nightlife
Stable Investment
100% Occupied
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $995,000 | Building Class | C |
| Price Per Unit | $331,667 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 1,700 SF |
| Cap Rate | 5% | Average Occupancy | 97% |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1945/2019 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R1B, City/Sacramento | ||
| Price | $995,000 |
| Price Per Unit | $331,667 |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 1,700 SF |
| Average Occupancy | 97% |
| No. Stories | 1 |
| Year Built/Renovated | 1945/2019 |
| Opportunity Zone |
Yes |
| Zoning | R1B, City/Sacramento |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $1,744 | 661 |
| 1+1 | 1 | $1,574 | 661 |
| Studios | 1 | $1,190 | 378 |
1 1
Walk Score®
Very Walkable (85)
Bike Score®
Biker's Paradise (100)
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3 Unit Apartment Building Midtown | 400-402 21st St
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