2313-2315 T St - Apartments FOR SALE


Sacramento, CA 95816
$1,799,000 USD
530-574-3329
2313-2315 T St, Sacramento, CA for Sale
$1,799,000 USD
Apartments - FOR SALE
1/39
null | 4.8% Cap Rate

2313-2315 T St
Sacramento, CA 95816


HIGHLIGHTS

  • Exceptionally attractive Tudor styling
  • Exceptional rental history
  • 4 Single level buildings

OVERVIEW

Discover a rare investment opportunity in the heart of Midtown Sacramento. This captivating property features four single-level duplexes, each showcasing charming Tudor styling and incredible curb appeal. Built in 1938, this well-maintained complex offers a mix of one-bedroom, one-bath units, ranging from approximately 666 to 896 square feet. Each unit includes an enclosed one-car garage, a highly desirable amenity in this vibrant urban location. Currently generating $12,245 per month in rental income, the property offers immediate cash flow with significant upside potential. Pro forma rents are estimated at $13,200 or more, presenting a compelling value-add opportunity. Enhance the value further through strategic capital improvements and the implementation of a Ratio Utility Billing System (RUBS). Residents will enjoy unparalleled access to the best of Midtown Sacramento. Easy access to a diverse array of restaurants, cafes, and shops, or explore the vibrant cultural scene. The State Capitol, major freeways, and public transportation are all within easy reach. Conveniently located near Safeway and the Sacramento Natural Foods Co-Op, grocery shopping is a breeze.

FOR SALE DETAILS

PRICE

$1,799,000 USD

PRICE/SF

$212 USD /SF

# OF UNITS

8

PRICE/UNIT

$224,875

CAP RATE

4.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1938

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

R-3A-SPD

APN/PARCEL ID

010-0036-014

ASK ABOUT THIS PROPERTY

Jeremy HigginsReal BrokerMore Info
530-574-3329

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Jeremy HigginsReal BrokerMore Info
530-574-3329

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