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Terra Bella Apartments 935 Johnfer Way 39 Unit Apartment Building $7,250,000 ($185,897/Unit) 5.90% Cap Rate Sacramento, CA 95831
INVESTMENT HIGHLIGHTS
- Highly Desirable Submarket
- High Cost of Home-Ownership
- Strong In-Place Cash Flow with Future Upside
- Unique Asset Amenities
EXECUTIVE SUMMARY
Newmark, as the exclusive advisor, is pleased to present the opportunity to acquire the Terra Bella Apartments (the “Property”), a 39-unit, 1970s-vintage apartment community located in the Pocket-Greenhaven neighborhood of Sacramento. Situated less than five miles from Sacramento’s Central Business District, the property’s convenient location provides direct access to the region’s most prominent employment, retail and recreation centers.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
PROPERTY FACTS
| Price | $7,250,000 | Building Class | B |
| Price Per Unit | $185,897 | Lot Size | 1.37 AC |
| Sale Type | Investment | Building Size | 32,430 SF |
| Cap Rate | 5.90% | Average Occupancy | 95% |
| No. Units | 39 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1971/2013 |
| Property Subtype | Apartment | Parking Ratio | 1.26/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R3, Sacramento | ||
| Price | $7,250,000 |
| Price Per Unit | $185,897 |
| Sale Type | Investment |
| Cap Rate | 5.90% |
| No. Units | 39 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.37 AC |
| Building Size | 32,430 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1971/2013 |
| Parking Ratio | 1.26/1,000 SF |
| Zoning | R3, Sacramento |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
- Freezer
- Patio
- Smoke Free
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Tenant Controlled HVAC
- Gated
- Grill
- Pet Play Area
- Storage Space
- Online Services
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 17 | - | 740 |
| 2+1 | 21 | - | 900 |
| Studios | 1 | - | 500 |
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PROPERTY TAXES
| Parcel Number | 029-0312-006 | Improvements Assessment | $5,741,640 |
| Land Assessment | $1,093,645 | Total Assessment | $6,835,285 |
PROPERTY TAXES
Parcel Number
029-0312-006
Land Assessment
$1,093,645
Improvements Assessment
$5,741,640
Total Assessment
$6,835,285
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Terra Bella Apartments | 935 Johnfer Way
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