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742-752 Bowles St 14 Unit Apartment Building $1,798,000 ($128,429/Unit) 8.91% Cap Rate Sacramento, CA 95815
INVESTMENT HIGHLIGHTS
- Single Story construction
- On-site Laundry
- Submarket Average Occupancy of 95.7%
- Ample Parking
- Strong existing CAP rate
- Limited Multifamily Construction Within The Area
EXECUTIVE SUMMARY
Colliers is pleased to present 742-752 Bowles Street, a well-kept 14-unit apartment complex in old North Sacramento. Harmony Court Apartments consists of three buildings built in 1965 with wood frame and wood siding. The property has pitched roofs that were completed in 2017 and the property is a gated community with on-site laundry and off-street parking lot. The properties unit mix is comprised of 14, One-bedroom/One-bathroom apartment units with 8 of them having private patios. The building is individually metered for gas and electricity, wall heat and air systems and gas stoves. The subject property provides nearly 6,660 square feet of rentable living space located on a 0.38 acre lot.
PROPERTY FACTS
| Price | $1,798,000 | Apartment Style | Low-Rise |
| Price Per Unit | $128,429 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.38 AC |
| Cap Rate | 8.91% | Building Size | 6,660 SF |
| Gross Rent Multiplier | 7.62 | Average Occupancy | 93% |
| No. Units | 14 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 1.82/1,000 SF |
| Zoning | R-2B | ||
| Price | $1,798,000 |
| Price Per Unit | $128,429 |
| Sale Type | Investment |
| Cap Rate | 8.91% |
| Gross Rent Multiplier | 7.62 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 6,660 SF |
| Average Occupancy | 93% |
| No. Stories | 1 |
| Year Built | 1957 |
| Parking Ratio | 1.82/1,000 SF |
| Zoning | R-2B |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Patio
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Gated
- Gas Range
- Online Services
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 14 | $1,389 | 500 |
1 1
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $909,120 | |
| Land Assessment | $175,218 | Total Assessment | $1,084,338 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$175,218
Improvements Assessment
$909,120
Total Assessment
$1,084,338
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742-752 Bowles St
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