4050 Palm Ave
Sacramento, CA 95842
Multifamily Property For Sale
·
8 Units
Property Facts
| No. Units | 8 | Lot Size | 0.54 AC |
| Property Type | Multifamily | Building Size | 6,800 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 1.25/1,000 SF |
| Zoning | RD-20 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.54 AC |
| Building Size | 6,800 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.25/1,000 SF |
| Zoning | RD-20 |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Laundry Facilities
About 4050 PALM AVE , SACRAMENTO, CA 95842
Palm Avenue Apartments is an eight-unit complex located on the cusp of North Highlands in Sacramento County. The property is a short distance from Interstate-80 and Madison Avenue in a predominantly residential neighborhood. The apartment consists of two – fourplex buildings built with a wood frame and stucco exterior. The roofs are pitched, there is on-site laundry, off-street parking, dual pane windows, plus wall heat/air condition. Tenants pay for the gas and electricity within their unit while the owner is responsible for common area utilities which include sewer, water, garbage, exterior lighting and heating of the water heaters. Inside each two-bedroom unit there is linoleum in the kitchen and bathroom with carpet in the living room and bedrooms. Rents are 19% below market at this investment opportunity so there is immediate upside for a new owner. It is recommended that a buyer further implement a $25 per unit RUBS program to recapture some of the common area utility expenses. Also, in the rear of the property is additional land that potentially could be used to develop more apartment units on the lot.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $1,075 | 850 |
Property Taxes
| Parcel Number | 228-0042-024 | Improvements Assessment | $1,002,110 |
| Land Assessment | $174,981 | Total Assessment | $1,177,091 |
Property Taxes
