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Multifamily

1811, 1813, 1815 Helena Ave

1811, 1813, 1815 Helena Ave, Sacramento, CA 95815

Listing Price: $879,900

Cap Rate
5.44%
Number of Units
3
Occupancy
97.0%
Price/Unit
$293,300
Price/Gross SF
$382.57
Gross SF
2,300

Investment Overview

Marcus & Millichap is pleased to present 1811, 1813 and 1815 Helena Avenue located in North Sacramento, California. The property consists of one single-family home with two legal accessory dwelling units (ADU's). The single-family home is comprised of three bedrooms and two bathrooms approximately 1,032 square feet. The two legal ADU's in the rear of the lot are comprised of two-bedroom/one-bathroom units and are approximately 600 square feet each. The primary residence features a single-car garage and one dedicated parking spot with a backyard. The ADU's in the rear of the lot feature back-yards with privacy fencing, dedicated storage units for each of the ADU's, BBQ areas, and dedicated parking spots. Helena Ave is a fully amenitized property featuring three thoughtfully designed market-rate units complete with in-unit washers and dryers, granite countertops, stainless steel appliances, closets, vinyl plank flooring, ceiling fans, and can lighting throughout. Home to the California state capital and rich with history and sense of community, the Sacramento Region is also known for its central location in the Golden State. The Sacramento Region boasts a diversified economy with traditional and innovative economic activity that provides stability and growth to the market. Many companies are creating jobs and investing in the Sacramento Region escaping the high costs of the coastal cities without sacrificing the quality of facilities and workforce skills. 1811, 1813 and 1815 Helena Avenue is situated in the North Sacramento area which is located in the North Sacramento/Natomas/North Highlands submarket, the Sacramento metro area’s largest multifamily submarket by total units. The market fundamentals in the submarket mirror the metro with significant but not outsized construction, very strong rent growth and sustained levels of low vacancy. There are few indications of market rent decreases and signs are pointing toward continued rental growth. Rent growth is a dominant market theme throughout the Sacramento market and the North Sacramento/Natomas/North Highlands submarket is no exception. Over the past 12 months, the average rent has increased by 24 percent. With housing in short supply, rent increases are likely to continue. The Sacramento Region with its nearly 2.4 million residents and growing businesses is rapidly emerging as a national leader in several high growth technology fields. The region offers a welcoming business climate, an abundant and educated workforce from its world-class research and educational institutions, low costs of living and doing business and excellent schools. A new investor has the opportunity to tap into the multi-family investment sector with the possibility of achieving solid steady cash flow along with the availability of attractive debt options and surplus of equity growth.

Investment Highlights

  • Attractive Debt Options
  • Desirable Unit Mix in a Supply Constraint Market
  • Completely Renovated Single-Family Home with Two Brand New Legal ADU's

Exclusively Listed By

Financing By

Multifamily

1811, 1813, 1815 Helena Ave

Listing Price: $879,900

Cap Rate
5.44%
Number of Units
3
Occupancy
97.0%
Price/Unit
$293,300
Price/Gross SF
$382.57
Gross SF
2,300

Investment Highlights

  • Attractive Debt Options
  • Desirable Unit Mix in a Supply Constraint Market
  • Completely Renovated Single-Family Home with Two Brand New Legal ADU's

Investment Overview

Marcus & Millichap is pleased to present 1811, 1813 and 1815 Helena Avenue located in North Sacramento, California. The property consists of one single-family home with two legal accessory dwelling units (ADU's). The single-family home is comprised of three bedrooms and two bathrooms approximately 1,032 square feet. The two legal ADU's in the rear of the lot are comprised of two-bedroom/one-bathroom units and are approximately 600 square feet each. The primary residence features a single-car garage and one dedicated parking spot with a backyard. The ADU's in the rear of the lot feature back-yards with privacy fencing, dedicated storage units for each of the ADU's, BBQ areas, and dedicated parking spots. Helena Ave is a fully amenitized property featuring three thoughtfully designed market-rate units complete with in-unit washers and dryers, granite countertops, stainless steel appliances, closets, vinyl plank flooring, ceiling fans, and can lighting throughout. Home to the California state capital and rich with history and sense of community, the Sacramento Region is also known for its central location in the Golden State. The Sacramento Region boasts a diversified economy with traditional and innovative economic activity that provides stability and growth to the market. Many companies are creating jobs and investing in the Sacramento Region escaping the high costs of the coastal cities without sacrificing the quality of facilities and workforce skills. 1811, 1813 and 1815 Helena Avenue is situated in the North Sacramento area which is located in the North Sacramento/Natomas/North Highlands submarket, the Sacramento metro area’s largest multifamily submarket by total units. The market fundamentals in the submarket mirror the metro with significant but not outsized construction, very strong rent growth and sustained levels of low vacancy. There are few indications of market rent decreases and signs are pointing toward continued rental growth. Rent growth is a dominant market theme throughout the Sacramento market and the North Sacramento/Natomas/North Highlands submarket is no exception. Over the past 12 months, the average rent has increased by 24 percent. With housing in short supply, rent increases are likely to continue. The Sacramento Region with its nearly 2.4 million residents and growing businesses is rapidly emerging as a national leader in several high growth technology fields. The region offers a welcoming business climate, an abundant and educated workforce from its world-class research and educational institutions, low costs of living and doing business and excellent schools. A new investor has the opportunity to tap into the multi-family investment sector with the possibility of achieving solid steady cash flow along with the availability of attractive debt options and surplus of equity growth.

Exclusively Listed By

Financing By

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