1233-1235 32nd St - Apartments FOR SALE


Sacramento, CA 95816- East Sacramento
$1,050,000 USD
916-616-5267
1233-1235 32nd St, Sacramento, CA for Sale
$1,050,000 USD
Apartments - FOR SALE
1/8
null | 6.51% Cap Rate

1233-1235 32nd St
Sacramento, CA 95816
East Sacramento


HIGHLIGHTS

  • Premier East Sacramento Location
  • C-1-R-SPD Zoning
  • Possible Airbnb Opportunity
  • One Remodeled 4Bedroom/2Bathroom Unit
  • One Remodeled 2Bedroom/2Bathroom House
  • 6 Single room Occupancy Units

OVERVIEW

We are pleased to present 1235 32nd Street, a 8-unit multifamily community located in heart of East Sacramento. The subject property is situated on 0.13 acres with 3,792 rentable square feet consisting of a 4bedroom/2bathroom lower unit, 6 Single room occupancy units upstairs and a 2bedroom/1bathroom structure facing the alley. The complex consists of two buildings with open parking in the back. This community is in a strong infill location of East Sacramento where workforce housing is in strong demand. Residents have quick access to all things that make the Sacramento Metro desirable to locals and those migrating to the region from the Bay Area or Southern California. From this complex you can quickly access Interstate-80 which allows you to traverse throughout the entire Northern California region. A new investor will find strong demand for housing along with continued population and job growth provides long-term stability for housing in the area. At this complex there is upside in the cash flow based on the loss to lease and resetting rents to market upon turnover.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$277 USD /SF

# OF UNITS

8

PRICE/UNIT

$131,250

CAP RATE

6.51%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1906

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

C-1-R-SPD

APN/PARCEL ID

007-0191-020

ASK ABOUT THIS PROPERTY

Matthew SarroColliersMore Info
916-616-5267

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Matthew SarroColliersMore Info
916-616-5267

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.