3804-3808 40th Ave - Apartments FOR SALE


Sacramento, CA 95824- Parkway-South Sacramento
$1,995,000 USD
916-616-5267
3804-3808 40th Ave, Sacramento, CA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/12
null | 6.02% Cap Rate

3804-3808 40th Ave
Sacramento, CA 95824
Parkway-South Sacramento


HIGHLIGHTS

  • Pitched Roofs
  • Ample Parking
  • On-site Laundry
  • Strong existing CAP rate
  • Submarket Average Occupancy of 96.6%
  • Limited Multifamily Construction Within The Area

OVERVIEW

Colliers is pleased to present 3804 40th Avenue, a 14-unit apartment complex located in South Sacramento. The subject property consists of two buildings built in 1959 with wood frame and a stucco exterior. The property has pitched roofs and includes off-street parking lot. The properties unit mix is comprised of 14, One-bedroom/One-bathroom with a common area courtyard for tenants to enjoy. The building is individually metered for gas and electricity, wall heat and air systems and gas stoves. The subject property provides nearly 8,400 square feet of rentable living space located on a 0.38 acre lot.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$238 USD /SF

# OF UNITS

14

PRICE/UNIT

$142,500

CAP RATE

6.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,758 SF

ZONING

RD20, Sacramento

APN/PARCEL ID

037-0011-031

ASK ABOUT THIS PROPERTY

Matthew SarroColliersMore Info
916-616-5267

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Matthew SarroColliersMore Info
916-616-5267

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