Discover Your Next Investment Gem: 8-Unit Apartment Building. Prime Location, Proven Performance.
Nestled in the coveted Richmond Grove neighborhood of Sacramento, this exceptional 8-unit apartment building offers a rare opportunity for investors seeking a stable, income-generating asset. Meticulously cared for by the same family for over 50 years, this property has a proven track record of high occupancy and reliable rental income.
Turnkey Investment: Fully occupied and ready to generate immediate cash flow.
Prime Location: Situated in one of Sacramento's most sought-after neighborhoods.
Strong Rental History: Consistent occupancy and reliable rental income.
Growth Potential: Positioning for long-term appreciation coupled with capacity for near-term rental increases, parking revenue & ratio utility billing.
Recent Renovations: Modernized with tankless water heaters, a repaved parking lot, a new roof, fresh paint, upgraded electrical, plumbing, and windows.
Seller Financing Available: Seller will consider carrying a first position note subject to approval and terms to be negotiated.