3732-3736 Astoria St - Apartments FOR SALE


Sacramento, CA 95838
$1,300,000 USD
916-204-9804
3732-3736 Astoria St, Sacramento, CA for Sale
$1,300,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

3732-3736 Astoria St
Sacramento, CA 95838


HIGHLIGHTS

  • 2007 Construction
  • Upside in Rents
  • Assumable 4.6% Loan

OVERVIEW

Marcus & Millichap is pleased to present as exclusive listing agent, a fee simple interest in 3732 - 3736 Astoria St in Sacramento, California. This seven-unit apartment community features a diverse unit mix with 1, 2, and 3 bedroom floorplans, suitable for each and every resident's circumstances. This property is conveniently located just two blocks away from HWY-80, providing residents immediate access to Midtown / Downtown Sacramento, the region's employment and entertainment hub, as well as the Greater Sacramento MSA. Just a short drive across Roseville road, residents are delighted to have access to the Haggin Oaks Golf Complex, featuring two championship golf courses and a lighted driving range. A private entrance into this community is accompanied by covered off-street parking for each resident, ensuring a comforting feeling of coming home. This opportunity offers an investor the chance to acquire a 2007-built, cash-flowing property right from day one, with the added benefit of assuming existing debt at a favorable 4.6% interest rate. The strategic next steps for the buyer would include completing light upgrades to the remaining five units, which could help close the current 8.8% loss-to-lease gap. By implementing aggressive management practices, there's potential to significantly increase the property's income and overall value. All tours must be scheduled through listing agents. Please do not disturb residents or managem

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$255 USD /SF

# OF UNITS

7

PRICE/UNIT

$185,714

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2007

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

R-2B

APN/PARCEL ID

252-0141-051

ASK ABOUT THIS PROPERTY

Isaak HeitzebergMarcus and Millichap Investment ServicesMore Info
916-204-9804

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Isaak HeitzebergMarcus and Millichap Investment ServicesMore Info
916-204-9804

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