2700 32nd St - Apartments FOR SALE


Sacramento, CA 95817- North Oak Park
$1,489,000 USD
949-363-7676
2700 32nd St, Sacramento, CA for Sale
$1,489,000 USD
Apartments - FOR SALE
1/21
null | 6.07% Cap Rate

2700 32nd St
Sacramento, CA 95817
North Oak Park


HIGHLIGHTS

  • Prime North Oak Park Location Price Reduced!
  • 8 Units - With 11% Upside Potential
  • 87 Out of 100 Walkscore. 99 Out of 100 Bikescore
  • Well Maintained Turn-key Property with Value- Add Potential
  • Close Proximity to Endless Shopping, Dining and Entertainment
  • Walking distance to UC Davis Medical Center, Midtown and Downtown

OVERVIEW

Price reduced to $1,489,000. Clippinger Investment Properties offers for sale this eight(8) unit apartment building located at 2700 32nd Street in Sacramento, California. The property, built in 1962, is located in the vibrant Sacramento neighborhood of North Oak Park and is walking distance to many amenities such as restaurants, coffee shops and shopping. Sacramento State University and Sacramento City College are also nearby. The property is one block from all bus lines and public transportation. There is additional income from storage rooms and laundry facilities located on the property. Units are leasing quickly at $1,475 per month, there is currently one unit available to show. This two-story apartment building offers eight (8), 1 bedroom 1 bath units, all of which have great layouts and average approximately 608 SF each. The building features on-site laundry, community patio space, gated entry for all residents and storage. The building was fully renovated in 2016. Since these units have been updated they provide an investor a stabilized multi-family investment opportunity. Please reach out to get access to P&L, T12, Rent Roll, and note details. Recent leases signed at $1,475 show that the market is strong. The leases are all relatively close to market so annual allowed rental increases will maintain the investment integrity and cash flow. Reach out to Bob Clippinger at bob@cip-inc.com .

FOR SALE DETAILS

PRICE

$1,489,000 USD

PRICE/SF

$310 USD /SF

# OF UNITS

8

PRICE/UNIT

$186,125

CAP RATE

6.07%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8 Apts, North Oak Park, Sacramento 6.1% Cap

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R2B, Sacramento

APN/PARCEL ID

010-0365-009

ASK ABOUT THIS PROPERTY

Robert ClippingerClippinger Investment PropertiesMore Info
949-363-7676

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Robert ClippingerClippinger Investment PropertiesMore Info
949-363-7676

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