Multifamily
2712 - 2714 E St
2712 E St, Sacramento, CA 95816
Listing Price: $3,810,000
Investment Overview
Marcus & Millichap is pleased to exclusively present a 16-unit apartment community for sale at 2712-2714 E Street in Midtown Sacramento. The property was built in 1971 and has been owned by the same family for more than 25 years. The property features some functional advantages to most of the nearby competition, including full-size dishwashers, fireplaces, central HVAC, balconies/patios and a diverse unit mix of one bedroom, two bedroom, and three-bedroom floor plans averaging 808 square feet. The property also features nine surface parking spaces accessible from Eggplant Alley at the back of the property. Current gross rental income is about 20 percent under market and currently there is no parking income. Over time the savvy investor will increase revenue and offer prospective residents a housing option that is superior to most in Midtown Sacramento plus all the benefits afforded by the superb location. Do not disturb management. All tours and site visits must be conducted with listing agent present.
2712 - 2714 E St
Investment Highlights
- Value-add opportunity in a prime midtown Sacramento location
- Excellent unit mix with income upside through loss-to-lease collapse and introducing charges for nine parking spaces
- Rare midtown amenities including full-size dishwashers, fireplaces, central HVAC, balconies/patios and average of 808 square feet per unit
Exclusively Listed By
Listing Price: $3,810,000
Investment Highlights
- Value-add opportunity in a prime midtown Sacramento location
- Excellent unit mix with income upside through loss-to-lease collapse and introducing charges for nine parking spaces
- Rare midtown amenities including full-size dishwashers, fireplaces, central HVAC, balconies/patios and average of 808 square feet per unit
Investment Overview
Marcus & Millichap is pleased to exclusively present a 16-unit apartment community for sale at 2712-2714 E Street in Midtown Sacramento. The property was built in 1971 and has been owned by the same family for more than 25 years. The property features some functional advantages to most of the nearby competition, including full-size dishwashers, fireplaces, central HVAC, balconies/patios and a diverse unit mix of one bedroom, two bedroom, and three-bedroom floor plans averaging 808 square feet. The property also features nine surface parking spaces accessible from Eggplant Alley at the back of the property. Current gross rental income is about 20 percent under market and currently there is no parking income. Over time the savvy investor will increase revenue and offer prospective residents a housing option that is superior to most in Midtown Sacramento plus all the benefits afforded by the superb location. Do not disturb management. All tours and site visits must be conducted with listing agent present.
Exclusively Listed By
