Share this with your friends
+14083423000
Intero Real Estate Services
1200 South Avenue, Sacramento, CA 95838
- $1,100,000
- 12
- BD
- 1
- BA
- 3,896
- SqFt
- List Price
- $1,100,000
- MLS#
- 226113803
- Property Type
- Multifamily
- Bedrooms
- 12
- Bathrooms
- 1
- Sqft. of Residence
- 3,896
- Lot Size
- 20,068
- Region
- 10838
- Status
- ACTIVE
- County
- Sacramento
- Acres
- 0.46
- Year Built
- 1960
- Foreclosure
- Yes
- Parking Spaces
- 12
Property Description
This Lender Owned property offers an opportunity for the next investor to purchase a well maintained investment of all 2 bedroom units currently averaging $1996/u/m. There is excess land in the back of the property that could developed into additional ADU's. Current collected rents are higher than market so there is a gain to lease benefit in the immediate term of ownership. When and if all units get traded out to market, the cap rate is 6.7%.
Additional Information
- Construction
- Frame, Stucco
- Fencing
- Fenced
- Floors
- Linoleum, Tile, Carpet
- Foreclosure
- Yes
- Foundation
- Concrete, Slab
- Living Area
- 3,896
- Lot Size
- 20,068
- Possession
- Close Of Escrow
- Region
- 10838
- Units
- 6
- Utilities
- Natural Gas Connected, Electricity Available, Sewer Connected
- Zoning
- R-1
Mortgage Calculator
Listing courtesy of Cushman & Wakefield.