Log In/Sign Up
Your email has been sent.
Summerset 6267 Martin Luther King Jr Blvd 120 Unit Apartment Building $15,000,000 ($125,000/Unit) 7.70% Cap Rate Sacramento, CA 95824
Investment Highlights
- Value add asset with demonstrated rent acceptance despite deferred maintenance, Summerset Apartments continues to achieve competitive rents
- The property serves a core workforce housing demographic
- The bankruptcy disposition offers a rare opportunity to acquire at a discounted basis
- The community benefits from proximity to major employment corridors, Highway 99, public transit options, and dense neighborhood serving retail
Executive Summary
This is a Chapter 11 Trustee sale and will follow the Bankruptcy process. The Bankruptcy Court will need to approve the final sale. The property is being offered for sale subject to prior placement and withdrawal, cancellation or modification without notice.
Contact listing agent for the Offering Memorandum and more information.
All property showings are by appointment only and must be arranged through Michael Mathios. Please do not approach or contact the tenants or on-site personnel.
Contact listing agent for the Offering Memorandum and more information.
All property showings are by appointment only and must be arranged through Michael Mathios. Please do not approach or contact the tenants or on-site personnel.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Heating
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Walk-In Closets
- Linen Closet
- Patio
- Vinyl Flooring
Site Amenities
- Controlled Access
- Courtyard
- Laundry Facilities
- Pool
- Property Manager on Site
- Security System
- Gated
- Maintenance on site
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | $1,300 | 641 |
| 2+1 | 108 | $1,700 | 740 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $7,517,112 | |
| Land Assessment | $1,602,853 | Total Assessment | $9,119,965 |
Property Taxes
Parcel Numbers
Land Assessment
$1,602,853
Improvements Assessment
$7,517,112
Total Assessment
$9,119,965
1 of 18
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
Summerset | 6267 Martin Luther King Jr Blvd