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Multifamily

Venuto Way Duplexes

5012-5033 Venuto Way, Sacramento, CA 95841

Listing Price: $4,900,000

Cap Rate
2.26%
Number of Units
20
Occupancy
100.0%
Price/Unit
$245,000
Price/Gross SF
$270.42
Gross SF
18,120

Investment Overview

Marcus & Millichap is pleased to present 10 duplexes on Venuto Way located in the unincorporated portion of Sacramento County. This is the first time the property has ever been on the market; the seller built the duplexes in 1964 and has owned and operated them ever since. This rare opportunity to purchase a bundle of duplexes with five contiguous parcels on the north and south of side of the street offers a tremendous amount of upside. Rents are below market and the units themselves offer highly desirable arrangements compared to ordinary apartment living. The units feature 906 square feet of living space complete with a one-car direct and remote access garage, a separate laundry room next to the kitchen and a large, private backyard. The savvy investor will consider the value of 30-year mortgage debt with record low interest rates combined with the advantages of economies of scale. One strategy could include an all-cash purchase and refinance of individual parcels after raising rents in order to maximize proceeds. It's conceivable that each duplex could be sold off individually in the future at a premium, as well.

Investment Highlights

  • Bundle of 10 Contiguous Duplexes on Separate Parcels For Sale by Original Developer
  • All Units are 906 Square Foot Two-Bed/One-Bath Floor Plans with Garage, Laundry, and Large Backyard
  • Significant Value-Add Opportunity with Flexible Exit Strategy

Exclusively Listed By

Listing Price: $4,900,000

Cap Rate
2.26%
Number of Units
20
Occupancy
100.0%
Price/Unit
$245,000
Price/Gross SF
$270.42
Gross SF
18,120

Investment Highlights

  • Bundle of 10 Contiguous Duplexes on Separate Parcels For Sale by Original Developer
  • All Units are 906 Square Foot Two-Bed/One-Bath Floor Plans with Garage, Laundry, and Large Backyard
  • Significant Value-Add Opportunity with Flexible Exit Strategy

Investment Overview

Marcus & Millichap is pleased to present 10 duplexes on Venuto Way located in the unincorporated portion of Sacramento County. This is the first time the property has ever been on the market; the seller built the duplexes in 1964 and has owned and operated them ever since. This rare opportunity to purchase a bundle of duplexes with five contiguous parcels on the north and south of side of the street offers a tremendous amount of upside. Rents are below market and the units themselves offer highly desirable arrangements compared to ordinary apartment living. The units feature 906 square feet of living space complete with a one-car direct and remote access garage, a separate laundry room next to the kitchen and a large, private backyard. The savvy investor will consider the value of 30-year mortgage debt with record low interest rates combined with the advantages of economies of scale. One strategy could include an all-cash purchase and refinance of individual parcels after raising rents in order to maximize proceeds. It's conceivable that each duplex could be sold off individually in the future at a premium, as well.

Exclusively Listed By

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