3333 W St - Apartments FOR SALE


Sacramento, CA 95817
$3,000,000 USD
847-812-8414
3333 W St, Sacramento, CA for Sale
$3,000,000 USD
Apartments - FOR SALE
1/28
null | Request Cap Rate

3333 W St
Sacramento, CA 95817


HIGHLIGHTS

  • 16 units plus 1 Studio - Apartment Building in Midtown Are, Below market rents - All Tenants are MTM for immediate increased NOI
  • New Roof and Gutters - Summer 2024, New Electrical and Panels, New Main Sewer Line, New Onsite Commercial Laundry that accepts PayRange App
  • New Wall Furnaces, New Security and Decorative LED Lighting, New Garbage Disposals, Smoke and CO Detectors, New Paint and Schlage Key-less entries
  • Computer Controlled Energy Efficient Commercial Water Heater, 10 Remotely accessed Exterior Security Cameras Intercom access security gates
  • Prime location near University of California Davis Medical Center, Well-maintained property with attractive curb appeal, Spacious units
  • Strong 88% occupancy rate for immediate income **2 units currently being renovated, 12 On-site parking spaces, Proximity to amenities & transportation

OVERVIEW

Nestled in the vibrant and sought-after Midtown area in the heart of Sacramento you'll find this quiet and peaceful 16 - unit (potentially 17'th unit- in planning review process) complex. This well-maintained turn-key opportunity consists of 12 - 1 Bedroom, 2 - 2 Bedroom, 2 - 3 Bedrooms at the moment, patiently awaiting the 17 Studio Unit addition with private parking in the back. Some recent major renovations done to put any investor as ease include a new roof and gutters, new electrical and panels, & new main sewer line. Other upgrades include onsite laundry with 2 New Commercial Washers and Dryers which accept quarters and PayRange App ($10k Value) & a modern computer controlled Energy-Efficient commercial water heater. New wall furnaces, security and decorative LED lighting, new garbage disposals, smoke and carbon detectors, new paint and Schlage keyless entries. For security and monitoring it has, 10 remotely accessed surveillance cameras throughout the exterior & Intercom access security gates in the front and rear. Walking into the private courtyard with tropical landscaping, accent lighting, beautiful and ornate statues and fountains will leave you breathless. Come take a look and add this superb investment to your portfolio!Nestled in the vibrant and sought-after Midtown area in the heart of Sacramento you'll find this quiet and peaceful 16-unit (potentially 17'th unit- in planning review process) complex. This well-maintained turn-key opportunity consists of 12 - 1 Bedroom, 2 - 2 Bedroom, and 2 - 3 Bedrooms, patiently awaiting the 17 Studio Unit addition with private parking in the back. Some recent major renovations done to put any investor at ease include a new roof and gutters, new electrical and panels, & new main sewer line. Other upgrades include onsite laundry with 2 New Commercial Washers and Dryers which accept quarters and PayRange App ($10k Value) & a modern computer-controlled Energy-Efficient commercial water heater. New wall furnaces, security and decorative LED lighting, new garbage disposals, smoke and carbon detectors, new paint and Schlage keyless entries. For security and monitoring it has, 10 remotely accessed surveillance cameras throughout the exterior & Intercom access security gates in the front and rear. Walking into the private courtyard with tropical landscaping, accent lighting, beautiful and ornate statues and fountains will leave you breathless. Come take a look and add this superb investment to your portfolio!

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$505 USD /SF

# OF UNITS

16

PRICE/UNIT

$187,500

CAP RATE

Request Cap Rate

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Las Fuentes Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

R4, Sacramento

APN/PARCEL ID

010-0264-004

ASK ABOUT THIS PROPERTY

David CoupeSVNMore Info
847-812-8414

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David CoupeSVNMore Info
847-812-8414

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