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517 13th St 3 Unit Apartment Building $749,000 ($249,667/Unit) 4.95% Cap Rate Sacramento, CA 95814
INVESTMENT HIGHLIGHTS
- Prime midtown location
- Opportunity for owner/operator
- Two units will be delivered vacant and rent ready
- Vacant units can be filled with long term tenants or can be used for short term rentals
EXECUTIVE SUMMARY
Welcome to 517 13th St, a unique and versatile triplex located in the desirable Mansion Flats neighborhood of Sacramento. This charming two-story building boasts a total of 1,515 square feet, offering a fantastic investment opportunity. At the close of escrow, two of the units will be vacant, providing immediate options for either Airbnb or traditional rental usage.
Each unit has been recently updated, ensuring modern comfort and convenience. With laundry facilities available in each unit, residents will enjoy added ease and privacy. The building's prime location in Mansion Flats, along with its updated amenities, makes it an attractive choice for renters in the area.
The average market rent in this area ranges from $1,600 to $1,800, presenting a promising potential for rental income. Whether you're looking to start or expand your investment portfolio, 517 13th St offers flexibility and profitability in a thriving community. Don't miss out on this incredible opportunity!
Each unit has been recently updated, ensuring modern comfort and convenience. With laundry facilities available in each unit, residents will enjoy added ease and privacy. The building's prime location in Mansion Flats, along with its updated amenities, makes it an attractive choice for renters in the area.
The average market rent in this area ranges from $1,600 to $1,800, presenting a promising potential for rental income. Whether you're looking to start or expand your investment portfolio, 517 13th St offers flexibility and profitability in a thriving community. Don't miss out on this incredible opportunity!
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$56,268
|
$37.14
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$56,268
|
$37.14
|
| Taxes |
$8,193
|
$5.41
|
| Operating Expenses |
$9,300
|
$6.14
|
| Total Expenses |
$17,493
|
$11.55
|
| Net Operating Income |
$38,775
|
$25.59
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $56,268 |
| Annual Per SF | $37.14 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $56,268 |
| Annual Per SF | $37.14 |
| Taxes | |
|---|---|
| Annual | $8,193 |
| Annual Per SF | $5.41 |
| Operating Expenses | |
|---|---|
| Annual | $9,300 |
| Annual Per SF | $6.14 |
| Total Expenses | |
|---|---|
| Annual | $17,493 |
| Annual Per SF | $11.55 |
| Net Operating Income | |
|---|---|
| Annual | $38,775 |
| Annual Per SF | $25.59 |
PROPERTY FACTS
| Price | $749,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $249,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.03 AC |
| Cap Rate | 4.95% | Building Size | 1,515 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 33% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R-3A - R-3A-SPD - MULTI-FAMILY ALTERNATIVE RESIDENTIAL 36 UNITS / ACRE/SPECIAL PLANNING DISTRICT | ||
| Price | $749,000 |
| Price Per Unit | $249,667 |
| Sale Type | Investment |
| Cap Rate | 4.95% |
| Sale Condition | 1031 Exchange |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 1,515 SF |
| Average Occupancy | 33% |
| No. Stories | 2 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
| Zoning | R-3A - R-3A-SPD - MULTI-FAMILY ALTERNATIVE RESIDENTIAL 36 UNITS / ACRE/SPECIAL PLANNING DISTRICT |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Washer/Dryer
- Heating
- Ceiling Fans
- Refrigerator
- Oven
- Double Pane Windows
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | 500 - 510 |
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Biker's Paradise (100)
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517 13th St
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