742-752 Bowles St - Apartments FOR SALE


Sacramento, CA 95815- Old North Sacramento
$2,095,000 USD
916-616-5267
742-752 Bowles St, Sacramento, CA for Sale
$2,095,000 USD
Apartments - FOR SALE
1/12
null | 7.03% Cap Rate

742-752 Bowles St
Sacramento, CA 95815
Old North Sacramento


HIGHLIGHTS

  • Single Story construction
  • Ample Parking
  • On-site Laundry
  • Strong existing CAP rate
  • Submarket Average Occupancy of 95.7%
  • Limited Multifamily Construction Within The Area

OVERVIEW

Colliers is pleased to present 742-752 Bowles Street, a well-kept 14-unit apartment complex in old North Sacramento. Harmony Court Apartments consists of three buildings built in 1965 with wood frame and wood siding. The property has pitched roofs that were completed in 2017 and the property is a gated community with on-site laundry and off-street parking lot. The properties unit mix is comprised of 14, One-bedroom/One-bathroom apartment units with 8 of them having private patios. The building is individually metered for gas and electricity, wall heat and air systems and gas stoves. The subject property provides nearly 6,660 square feet of rentable living space located on a 0.38 acre lot.

FOR SALE DETAILS

PRICE

$2,095,000 USD

PRICE/SF

$315 USD /SF

# OF UNITS

14

PRICE/UNIT

$149,643

CAP RATE

7.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

R-2B

APN/PARCEL ID

263-0204-009,263-0204-011

ASK ABOUT THIS PROPERTY

Matthew SarroColliersMore Info
916-616-5267

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

Matthew SarroColliersMore Info
916-616-5267

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