Multifamily
5756-5760 Nina Way
5756 Nina Way, Sacramento, CA 95824
Listing Price: $1,725,000
Investment Overview
The DeLoney Group of Marcus & Millichap is pleased to present 5756-5760 Nina Way Apartments, a captivating 12-unit apartment community located in Sacramento, California. The community features 1 studio unit with 425 rentable square feet, 7 one-bedroom/one-bathroom units with 625 rentable square feet, and 4 two-bedroom/one-bathroom units with 775 rentable square feet.
The purchaser of this community will enjoy a favorable and diverse unit mix with an immediate value-add component and rental upside potential. Tenants have the benefit of off-street parking, a spacious onsite laundry room with personal storage lockers, and convenient access to several shopping centers nearby. The market comparable suggest a 25% loss-to-lease upside thesis with moderate turn quality upgrades. There are two units currently vacant and slated for renovation which would allow a purchaser to capture some of the immediate upside potential in addition to raising rents on existing residents.
The property is not far from Ca-Hwy 99, allowing residents to enjoy seamless connectivity to Sacramento's bustling Midtown/Downtown, unlocking a world of employment opportunities and entertainment options.
Please do not disturb residents or management. All tours must be scheduled through The DeLoney Group.
Investment Highlights
- Upside in Rents - Approximately 25% loss to lease
- Opportunity to Start Renovations Immediately - Two Vacant Units
- Favorable Unit Mix - Studio, 1's, and 2's
- Off-street parking, Large Laundry Room, Personal Lockers
Exclusively Listed By
Listing Price: $1,725,000
Investment Highlights
- Upside in Rents - Approximately 25% loss to lease
- Opportunity to Start Renovations Immediately - Two Vacant Units
- Favorable Unit Mix - Studio, 1's, and 2's
- Off-street parking, Large Laundry Room, Personal Lockers
Investment Overview
The DeLoney Group of Marcus & Millichap is pleased to present 5756-5760 Nina Way Apartments, a captivating 12-unit apartment community located in Sacramento, California. The community features 1 studio unit with 425 rentable square feet, 7 one-bedroom/one-bathroom units with 625 rentable square feet, and 4 two-bedroom/one-bathroom units with 775 rentable square feet. The purchaser of this community will enjoy a favorable and diverse unit mix with an immediate value-add component and rental upside potential. Tenants have the benefit of off-street parking, a spacious onsite laundry room with personal storage lockers, and convenient access to several shopping centers nearby. The market comparable suggest a 25% loss-to-lease upside thesis with moderate turn quality upgrades. There are two units currently vacant and slated for renovation which would allow a purchaser to capture some of the immediate upside potential in addition to raising rents on existing residents. The property is not far from Ca-Hwy 99, allowing residents to enjoy seamless connectivity to Sacramento's bustling Midtown/Downtown, unlocking a world of employment opportunities and entertainment options. Please do not disturb residents or management. All tours must be scheduled through The DeLoney Group.
Exclusively Listed By
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