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Multifamily

1409 Democracy Alley

1409 Democracy Alley, Sacramento, CA 95814

Listing Price: $785,000

Cap Rate
5.21%
Number of Units
4
Occupancy
97.0%
Price/Unit
$196,250
Price/Gross SF
$334.04
Gross SF
2,350

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1409-1415 Democracy Alley, a four-unit investment property, one of which is non-conforming, located in one of the fastest growing markets in Northern California. With a resurgence of people moving back to cities like Sacramento, the opportunity to purchase this one-of-a-kind asset would provide a strong return for years to come for any investor. The property is situated on a .08-acre lot, which features one studio (non-conforming), two one-bedroom/one-bathroom, and one two-bedroom/one-bathroom units. Furthermore, 1409-1415 Democracy Alley conveniently provides three off-street parking spaces, on-site laundry, and a shared backyard for tenants in the building. All in all, the property’s location, unit-mix, and common amenities are a perfect combination for any savvy investor looking to expand their portfolio. Sacramento is home to the State Capitol, making the State the area's largest employer. Universities such as Sacramento State and UC Davis foster an educated workforce that draws new companies and people to the market. The city of Sacramento alone has the biggest population in the area at approximately 525,000 residents and the region offers a tremendous number of recreational activities with many sports teams calling Sacramento home. Also, Sacramento is just a short distance from Lake Tahoe and Napa Valley. Those looking for a better quality of life and the freedom to enjoy the outdoors will find it in this city, thus demonstrating a strong demand for rental housing. All tours must be scheduled with the listing agent. Please do not disturb tenants.

Investment Highlights

  • Strong Location and Minutes Away from Downtown Sacramento's Most Notable Destinations
  • Attractive Unit-Mix: One Studio, Two One-Bedroom, and One Two-Bedroom Units
  • Three Designated Off-Street Parking Spaces for Tenants'
  • On-Site Laundry and Common Backyard Shared by all Tenants in the Building
  • Rare Opportunity for First Time Investors Looking for Stable Cash-Flow in a Growing Market

Exclusively Listed By

Multifamily

1409 Democracy Alley

Listing Price: $785,000

Cap Rate
5.21%
Number of Units
4
Occupancy
97.0%
Price/Unit
$196,250
Price/Gross SF
$334.04
Gross SF
2,350

Investment Highlights

  • Strong Location and Minutes Away from Downtown Sacramento's Most Notable Destinations
  • Attractive Unit-Mix: One Studio, Two One-Bedroom, and One Two-Bedroom Units
  • Three Designated Off-Street Parking Spaces for Tenants'
  • On-Site Laundry and Common Backyard Shared by all Tenants in the Building
  • Rare Opportunity for First Time Investors Looking for Stable Cash-Flow in a Growing Market

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1409-1415 Democracy Alley, a four-unit investment property, one of which is non-conforming, located in one of the fastest growing markets in Northern California. With a resurgence of people moving back to cities like Sacramento, the opportunity to purchase this one-of-a-kind asset would provide a strong return for years to come for any investor. The property is situated on a .08-acre lot, which features one studio (non-conforming), two one-bedroom/one-bathroom, and one two-bedroom/one-bathroom units. Furthermore, 1409-1415 Democracy Alley conveniently provides three off-street parking spaces, on-site laundry, and a shared backyard for tenants in the building. All in all, the property’s location, unit-mix, and common amenities are a perfect combination for any savvy investor looking to expand their portfolio. Sacramento is home to the State Capitol, making the State the area's largest employer. Universities such as Sacramento State and UC Davis foster an educated workforce that draws new companies and people to the market. The city of Sacramento alone has the biggest population in the area at approximately 525,000 residents and the region offers a tremendous number of recreational activities with many sports teams calling Sacramento home. Also, Sacramento is just a short distance from Lake Tahoe and Napa Valley. Those looking for a better quality of life and the freedom to enjoy the outdoors will find it in this city, thus demonstrating a strong demand for rental housing. All tours must be scheduled with the listing agent. Please do not disturb tenants.

Exclusively Listed By

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