2382 Boxwood St - Apartments FOR SALE


Sacramento, CA 95815- Old North Sacramento
$1,300,000 USD
650-339-6818
2382 Boxwood St, Sacramento, CA for Sale
$1,300,000 USD
Apartments - FOR SALE
1/32
null | 5.77% Cap Rate

2382 Boxwood St
Sacramento, CA 95815
Old North Sacramento


HIGHLIGHTS

  • Value Add | Raising Rents & Implementing Cam Recaptures
  • Growth and Recent Developments
  • No Deferred Maintenance
  • Major Cap Ex put into the property

OVERVIEW

Investment Summary: Recent Capital Expenditures: Roughly 70/80k of recent Cap Ex put into the property Upgraded kitchen cabinets with granite countertops. Durable waterproof commercial flooring installed, including tile and laminate in all units. Dual-pane windows Roof and exterior paint in excellent condition. No Deferred Maintenance Value Add: Potential for RUBS (Ratio Utility Billing System): Opportunity to bill tenants for utilities, improving net operating income (NOI) New owner can bill for Water, Sewer, and Garbage Raising Rents: Potential add value by raising the rents to market Charge tenants for Parking Renovated Units: Each unit has been updated with modern finishes to enhance functionality and durability, offering tenants a comfortable and practical living space. Occupancy & Income Potential: Fully rented units provide steady cash flow. Year to year Leases Property Features: Wall heating and air conditioning systems for reliable climate control. Low-maintenance design due to recent upgrades. Neighborhood & Growth Potential: Located in an up-and-coming neighborhood undergoing significant development, including new residential and commercial projects. This enhances the property's appeal and positions it for future appreciation. investment opportunity at 2382 Boxwood Street, located in the heart of Sacramento. This meticulously maintained 8-unit multifamily property offers a rare combination of stable income, value-add potential, and a desirable location in a thriving market. This property is a turn-key investment opportunity with steady cash flow and potential for increased revenue. Whether you’re an experienced investor or looking to enter the multifamily market, 2382 Boxwood St is a compelling addition to any portfolio. Situated in an up-and-coming Sacramento neighborhood, 2382 Boxwood St benefits from its proximity to major employment hubs, healthcare facilities, and renowned institutions like UC Davis and CSU Sacramento. The area is undergoing significant development, with new residential and commercial projects further enhancing the property's growth potential. For more information or to schedule a tour, contact us today!

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$217 USD /SF

# OF UNITS

8

PRICE/UNIT

$162,500

CAP RATE

5.77%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

(Seller Financing Available)

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

R-1

APN/PARCEL ID

277-0072-023-0000

ASK ABOUT THIS PROPERTY

Rachna GandhiCatalyst Commercial PartnersMore Info
650-339-6818

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Rachna GandhiCatalyst Commercial PartnersMore Info
650-339-6818

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