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5820 Newman Ct
Sacramento, CA 95819
Newman Court Apartments · Multifamily Property For Sale
·
24 Units
Property Facts
| No. Units | 24 | Lot Size | 0.43 AC |
| Property Type | Multifamily | Building Size | 15,450 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1959/2018 |
| Zoning | R-3A - Multi-Family Residential 36 Units / Acre | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 15,450 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1959/2018 |
| Zoning | R-3A - Multi-Family Residential 36 Units / Acre |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Double Pane Windows
Site Amenities
- Courtyard
- Laundry Facilities
- Gated
- Grill
- Walk To Campus
About 5820 NEWMAN CT , SACRAMENTO, CA 95819
5820 Newman Court is a nice example of apartment living in the upscale East Sacramento area. The property consists of 24 well-maintained apartment units, with one studio unit, one 2BR unit, and the remaining mix in 1BR units. Though located directly next to the University, the rent roll has a well-balanced mix of 50% students and 50% workforce residents. Ownership has been completing various renovation improvements to unit interiors over the past several years that include new flooring, new paint, significant appliance replacement, and a complete window replacement program in 2015. Even with these improvement efforts, ownership has still left a nice value-add opportunity for the next buyer to capitalize on. Rents at the property are under-market, and current Management has been successfully implementing a strategic campaign to align the existing rents closer to market rents.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 400 |
| 1+1 | 22 | - | 550 - 900 |
| 2+1 | 1 | - | 900 |
Property Taxes
| Parcel Number | 005-0241-020 | Improvements Assessment | $3,734,390 |
| Land Assessment | $920,066 | Total Assessment | $4,654,456 |
Property Taxes
