ACRE proudly presents 6004 Martin Luther King Drive, a 12-unit multifamily property located in Sacramento’s Parkway-South Sacramento neighborhood. Built in 1950, this property sits on a 15,975- square-foot lot and features three four-unit buildings with a total of 4,297 square feet of rentable space. The unit mix consists of 10 studios and 2 one-bedroom units, providing a diverse tenant base. Offered at $1,549,000, this investment boasts a current cap rate of 7.01 with potential to increase to 7.22 by achieving area market rents. Additionally, the property presents an opportunity to implement a RUBS program to enhance cash flow and further increase returns by reducing operating expenses. The current GRM is 8.19, with a pro-forma GRM of 7.82. With strong financials and potential for increased returns, 6004 Martin Luther King Drive offers an attractive investment in a high-demand rental market. Contact listing agent Ike Ekeh at 415.290.2713 for more details.