$2,300,000 Price Analysis    ♡   Sacramento, CA 95815 20 bed 4 bath 2,100 SqFt ($1095/SqFt) 6,534SqFt lot. Built 1960 Listed 2023-12-02, Taxes $1,828 | Ⓧ USDA Ineligible due to price & location near Sacramento |
Here is a Great Opportunity to own this 18 Unit Apartment Complex
* Sale Pending *With a Cap Rate of 6.93 Qualified investors can assume loan in place at an interest rate of 4.85% with 30 year amortization. Property provides excellent cash flow as the current owner has invested over $160, 000 in capital improvements; fencing, new gas lines, two operational laundry rooms, operational store rooms/storage areas, security cameras, exterior painting, fenced in and demarcated parkng lot and num erous safety improvements This property has 16-One Bedroom and 2-two Bedroom units.
Most(~80%) units are upgraded with numerous improvements such as new flooring, cabinets, countertops, bath tubs, windows, Interior Painting, appliances Pristine ownership can take advantage of dependable and consistent cash flow as most of the units are rented to tenants where government agencies or external programs pay most of the rent This is a Must See!
Presented by Frankie Thornton at
Arriaga Real Estate.
Property MLS #223112274 from MetroList
Heating Features: Wall Furnace
Lot Dimensions Source: Acres
Lot Size Acres: 0.15
Lot Size Square Feet: 6534
Parking Total: 13
Calculated Total Monthly Association Fees: 0
Number of 1 Bedroom Units: 16
Number of 2 Bedroom Units: 2
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Total Rooms in Unit-1: 2
Total Rooms in Unit-2: 2
Total Rooms in Unit-3: 2
Total Rooms in Unit-4: 2
Unit-1 Square Feet: 525
Unit-2 Square Feet: 525
Unit-3 Square Feet: 525
Unit-4 Square Feet: 525
Unit 1 Total Actual Rent: 1150
Unit 2 Total Actual Rent: 1200
Unit 3 Total Actual Rent: 1300
Unit 4 Total Actual Rent: 1300
High School District: Twin Rivers Unified
Middle or Junior School District: Twin Rivers Unified
Map directions Map directions Map directions Map directionsNumber of Units Leased: 18
County: Sacramento
Cross Street: El Camino Ave.
Directions: Capital City 80, Exit El Camino Ave. go West, Right on Traction Ave to address.
Disclaimer: All measurements and calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Copyright 2024, MetroList Services, Inc. Any offer of compensation in the real estate content on this site is made exclusively to Broker Participants of the MetroList MLS & Broker Participants of any
Source Property Type: Residential Income
Area: Sacto Arden-Arcade Creek/Vicinit
Source Neighborhood: 10815
Parcel Number: 263-0241-032-0000
Zoning: R-2B
Property Subtype: Apartments
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $46,331 + $28,956 $75,287 | $1,828 |
| 2021 | $45,423 + $28,389 $73,812 | $8,383 |
| 2020 | $44,958 + $28,098 $73,056 | $8,583 |
| 2019 | $44,077 + $27,548 $71,625 | $12,727 |
| 2018 | $43,213 + $27,008 $70,221 | $11,505 |
| 2017 | $42,366 + $26,479 $68,845 | $10,285 |
| 2016 | $41,536 + $25,960 $67,496 | $7,653 |
| 2015 | $40,913 + $25,571 $66,484 | $9,189 |
| 2014 | $40,112 + $25,071 $65,183 | $8,066 |
| 2013 | $39,931 + $24,958 $64,889 | $2,908 |
| 2012 | $39,149 + $24,469 $63,618 | $6,013 |
| 2011 | $38,382 + $23,990 $62,372 | $1,405 |
| 2010 | $38,096 + $23,811 $61,907 | $1,373 |
| 2009 | $38,187 + $23,868 $62,055 | $1,348 |
| 2008 | $37,439 + $23,400 $60,839 | $1,252 |
| 2007 | $36,705 + $22,942 $59,647 | $1,171 |
$2,300,000
MetroList
Price Changed 2024-01-29
$2,400,000
MetroList
Listed 2023-12-02
$2,599,999
MetroList
Sold 2022-03-01
$1,725,000
MetroList
Relisted 2022-02-04
$1,925,000
MetroList
Listing removed 2022-01-30
$1,925,000
MetroList
Listed 2021-10-29
$1,925,000
MetroList
Sold 1999-08-11
$111,000
Public Record
Sold 1993-08-18
$200,000
Public Record
Sold 1993-04-06
$190,000
Public Record
Construction Materials: Stucco, Wood
Foundation Details: Slab, Concrete
Property Age: 64
Levels or Stories: 2
Structure Type: 5 or More Units
Cable Available
Natural Gas Connected
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.