600 Las Palmas Ave - Apartments FOR SALE


Sacramento, CA 95815- Noralto
$1,498,000 USD
916-541-3630
600 Las Palmas Ave, Sacramento, CA for Sale
$1,498,000 USD
Apartments - FOR SALE
1/48
null | 7.15% Cap Rate

600 Las Palmas Ave
Sacramento, CA 95815
Noralto


HIGHLIGHTS

  • 7.15% Cap Rate at current list price
  • New roof, new electrical, new plumbing, all units have been newly updated.
  • Turn key property
  • Fully rented, no deferred maintainance.

OVERVIEW

7.15% Cap rate at list price! 600 Las Palmas Avenue is a newly renovated and turnkey multifamily property comprising ten units situated in a desirable residential neighborhood in north Sacramento. The property features a newly installed roof, comprehensive plumbing and electrical upgrades, and a meticulously updated interior with new flooring, drywall, insulation, and paint (with the exception of a few reused appliances). Rent for the property ranges from $1,250 to $1,295 per unit, while each unit also charges a $65 RUBS fee. 600 Las Palmas Avenue presents an exceptional turnkey multifamily investment opportunity.

FOR SALE DETAILS

PRICE

$1,498,000 USD

PRICE/SF

$331 USD /SF

# OF UNITS

10

PRICE/UNIT

$149,800

CAP RATE

7.15%

% 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

1970

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

R1, Sacramento

APN/PARCEL ID

263-0141-043

ASK ABOUT THIS PROPERTY

Tim SwanstonNorth Coast Commercial, Inc.More Info
916-541-3630

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Tim SwanstonNorth Coast Commercial, Inc.More Info
916-541-3630

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