Skip to main content

Multifamily

644 Maple Street

644 Maple St, West Sacramento, CA 95691

Listing Price: $1,950,000

Cap Rate
5.60%
Number of Units
12
Occupancy
100.0%
Price/Unit
$162,500
Price/Gross SF
$308.54
Gross SF
6,320

Investment Overview

Marcus & Millichap is pleased to present 644 Maple Street in West Sacramento, California. The 12-unit single level building is comprised of eleven one-bedroom/one- bathroom units at approximately 505 square feet and one two-bedroom/one-bathroom unit approximately 750 square feet (Buyer to verify exact square footage). The building was constructed in approximately 1959 and features a pitched composite shingle roof, stucco exteriors, partial dual-pane windows, wall heat and air, a master water heater, and reserved parking. The apartment community has an on-site laundry room and tenants have access to a large private backyard with a potential of converting it into a community BBQ area. A new investor has the opportunity to purchase a well-located asset in the path of new development within a supply constrained market near Downtown/Midtown. 644 Maple Street is located near all the main transportation arteries of Sacramento, Interstate 5, Business 80 and Highway 50 allowing immediate access to the freeways and minutes to vibrant Downtown/Midtown Sacramento. West Sacramento is home to an abundance of predominant State and corporate employers including West Sacramento City Hall, California Highway Patrol Academy, CalSTRS headquarters, Raley's national headquarters, State of California Department of General Services, UPS regional Processing center, USPS Distribution Center, and FedEx Freight. Additionally, tenants have access to major retail centers including the Wal-Mart Super Center, Home Depot, and IKEA. Residents of West Sacramento enjoy an array of activities including Sutter Health Park (affiliate team of SF Giants), The Barn indoor/outdoor venue, 188-acre Bridge District development, Riverwalk Park, hiking, and biking trails along the Sacramento River. Located in Yolo County, West Sacramento has experienced rapid growth in population expanding from 17,129 residents in 2000, to an estimated population of 53,637 in 2021. In recent years, Sacramento has been at the top of the list in the nation for rent growth, and as a result West Sacramento has experienced the domino effects of the rental growth. Recent developments near the West Sacramento riverfront, Golden 1 Center Arena, and the Railyards project which is one of the largest undeveloped urban sites in the United States will help continue to drive growth. This investment is well suited to provide investors with healthy cashflow returns and long-term appreciation. DRIVE BY ONLY. ALL PROPERTY SHOWINGS ARE SUBJECT TO SELLER ACCEPTED OFFER ONLY. PLEASE CONSULT MARCUS & MILLICHAP LISTING AGENT FOR MORE DETAILS. PLEASE DO NOT DISTURB TENANTS.

Investment Highlights

  • Well Located Within Two Miles of Vibrant Downtown/Midtown
  • Single Level Building with Pitched Composite Roof
  • Features Stucco Exteriors and Partial Dual Pane Windows
  • Within Minutes of Sacramento's Main Transportation Arteries
  • Community Laundry Room with Reserved On-Site Parking

Exclusively Listed By

Multifamily

644 Maple Street

Listing Price: $1,950,000

Cap Rate
5.60%
Number of Units
12
Occupancy
100.0%
Price/Unit
$162,500
Price/Gross SF
$308.54
Gross SF
6,320

Investment Highlights

  • Well Located Within Two Miles of Vibrant Downtown/Midtown
  • Single Level Building with Pitched Composite Roof
  • Features Stucco Exteriors and Partial Dual Pane Windows
  • Within Minutes of Sacramento's Main Transportation Arteries
  • Community Laundry Room with Reserved On-Site Parking

Investment Overview

Marcus & Millichap is pleased to present 644 Maple Street in West Sacramento, California. The 12-unit single level building is comprised of eleven one-bedroom/one- bathroom units at approximately 505 square feet and one two-bedroom/one-bathroom unit approximately 750 square feet (Buyer to verify exact square footage). The building was constructed in approximately 1959 and features a pitched composite shingle roof, stucco exteriors, partial dual-pane windows, wall heat and air, a master water heater, and reserved parking. The apartment community has an on-site laundry room and tenants have access to a large private backyard with a potential of converting it into a community BBQ area. A new investor has the opportunity to purchase a well-located asset in the path of new development within a supply constrained market near Downtown/Midtown. 644 Maple Street is located near all the main transportation arteries of Sacramento, Interstate 5, Business 80 and Highway 50 allowing immediate access to the freeways and minutes to vibrant Downtown/Midtown Sacramento. West Sacramento is home to an abundance of predominant State and corporate employers including West Sacramento City Hall, California Highway Patrol Academy, CalSTRS headquarters, Raley's national headquarters, State of California Department of General Services, UPS regional Processing center, USPS Distribution Center, and FedEx Freight. Additionally, tenants have access to major retail centers including the Wal-Mart Super Center, Home Depot, and IKEA. Residents of West Sacramento enjoy an array of activities including Sutter Health Park (affiliate team of SF Giants), The Barn indoor/outdoor venue, 188-acre Bridge District development, Riverwalk Park, hiking, and biking trails along the Sacramento River. Located in Yolo County, West Sacramento has experienced rapid growth in population expanding from 17,129 residents in 2000, to an estimated population of 53,637 in 2021. In recent years, Sacramento has been at the top of the list in the nation for rent growth, and as a result West Sacramento has experienced the domino effects of the rental growth. Recent developments near the West Sacramento riverfront, Golden 1 Center Arena, and the Railyards project which is one of the largest undeveloped urban sites in the United States will help continue to drive growth. This investment is well suited to provide investors with healthy cashflow returns and long-term appreciation. DRIVE BY ONLY. ALL PROPERTY SHOWINGS ARE SUBJECT TO SELLER ACCEPTED OFFER ONLY. PLEASE CONSULT MARCUS & MILLICHAP LISTING AGENT FOR MORE DETAILS. PLEASE DO NOT DISTURB TENANTS.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower