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Multifamily

3732-3736 Astoria St

3732 Astoria St, Sacramento, CA 95838

Listing Price: $1,300,000

Cap Rate
4.86%
Number of Units
7
GRM
11.28
Occupancy
97.0%
Price/Unit
$185,714
Price/Gross SF
$256.51
Gross SF
5,068

Investment Overview

Marcus & Millichap is pleased to present as exclusive listing agent, a fee simple interest in 3732 - 3736 Astoria St in Sacramento, California. This seven-unit apartment community features a diverse unit mix with 1, 2, and 3 bedroom floorplans, suitable for each and every resident's circumstances.

This property is conveniently located just two blocks away from HWY-80, providing residents immediate access to Midtown / Downtown Sacramento, the region's employment and entertainment hub, as well as the Greater Sacramento MSA. Just a short drive across Roseville road, residents are delighted to have access to the Haggin Oaks Golf Complex, featuring two championship golf courses and a lighted driving range. A private entrance into this community is accompanied by covered off-street parking for each resident, ensuring a comforting feeling of coming home.

This opportunity offers an investor the chance to acquire a 2007-built, cash-flowing property right from day one, with the added benefit of assuming existing debt at a favorable 4.6% interest rate. The strategic next steps for the buyer would include completing light upgrades to the remaining five units, which could help close the current 8.8% loss-to-lease gap. By implementing aggressive management practices, there's potential to significantly increase the property's income and overall value.

All tours must be scheduled through listing agents. Please do not disturb residents or management.

Investment Highlights

  • 2007 build with stucco exterior
  • Assumable note fixed at 4.6%
  • Attractive mix of 1, 2, and 3 bedroom units
  • Convenient access to HWY-80

Exclusively Listed By

Multifamily

3732-3736 Astoria St

Listing Price: $1,300,000

Cap Rate
4.86%
Number of Units
7
GRM
11.28
Occupancy
97.0%
Price/Unit
$185,714
Price/Gross SF
$256.51
Gross SF
5,068

Investment Highlights

  • 2007 build with stucco exterior
  • Assumable note fixed at 4.6%
  • Attractive mix of 1, 2, and 3 bedroom units
  • Convenient access to HWY-80

Investment Overview

Marcus & Millichap is pleased to present as exclusive listing agent, a fee simple interest in 3732 - 3736 Astoria St in Sacramento, California. This seven-unit apartment community features a diverse unit mix with 1, 2, and 3 bedroom floorplans, suitable for each and every resident's circumstances. This property is conveniently located just two blocks away from HWY-80, providing residents immediate access to Midtown / Downtown Sacramento, the region's employment and entertainment hub, as well as the Greater Sacramento MSA. Just a short drive across Roseville road, residents are delighted to have access to the Haggin Oaks Golf Complex, featuring two championship golf courses and a lighted driving range. A private entrance into this community is accompanied by covered off-street parking for each resident, ensuring a comforting feeling of coming home. This opportunity offers an investor the chance to acquire a 2007-built, cash-flowing property right from day one, with the added benefit of assuming existing debt at a favorable 4.6% interest rate. The strategic next steps for the buyer would include completing light upgrades to the remaining five units, which could help close the current 8.8% loss-to-lease gap. By implementing aggressive management practices, there's potential to significantly increase the property's income and overall value. All tours must be scheduled through listing agents. Please do not disturb residents or management.

Exclusively Listed By

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