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 .