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.