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Multifamily

3919, 3929, 3939 and 3949 Browns Ln

3919, 3929, 3939 and 3949 Browns Ln, North Highlands, CA 95660

Listing Price: $1,250,000

Cap Rate
4.02%
Number of Units
4
Price/Unit
$312,500
Price/Gross SF
$313.83
Gross SF
3,983

Investment Overview

Marcus & Millichap is pleased to present 3949, 3939, 3929 and 3919 Browns Lane in North Highlands, California. The property consists of four separate completely renovated, turn-key single-family homes and a separate storage building on an idyllic, tree covered 2.74-acre (119.354 square feet) RD-20 zoned lot with a creek running through it. The single-family homes include one two-bedroom/one-bathroom of approximately 809 square feet, one two-bedroom/one-bathroom of approximately 1043 square feet with a one-car garage, one studio/one-bathroom of approximately 360 square feet and one three-bedroom/two-bathroom of approximately 1,770 square feet and a separate 700+ square feet garage/workshop with custom cabinetry. All the homes have undergone substantial capital improvements by the seller including new(er): septic tank, siding, roofs, air conditioning units, dual pane windows, garage and entry doors, decks, entry stairs, and fencing. Unit interiors were completely gutted and feature new(er): drywall, electrical, plumbing, laminate and tile floors, kitchen cabinets and countertops, ceiling fans, recessed lights, appliances, bathroom vanities, custom lighting, and tile showers. Unlike most value-add investments, a new owner will enjoy worry-free ownership with a minimum of disruptions in cash flow due to the turn-key condition of the buildings. Additionally, given the huge RD-20 zoned lot, there may also be the potential to add additional units in the future making an investment in Browns Lane an exceptional opportunity. 3949, 3939, 3929 and 3919 Browns Lane is in a Northeast suburb of Sacramento known as North Highlands, which has historically been a steady and robust workforce housing-oriented rental market. The property is centrally located within Sacramento County and offers tenants convenient access to both Sacramento and Placer Counties via its proximity to highway 80. Due to its central location, tenants are within a 10–15-minute drive to shopping, multiple employment centers, schools, public transportation, highways 80 and 50, and is within a few hours’ drive of Lake Tahoe.

Investment Highlights

  • Rare Turn-Key Investment Opportunity
  • Huge 2.74-Acre RD-20 Zoned Lot
  • Under Market Rents
  • Quiet Secluded Park-Like Setting
  • Centrally Located
  • Potential Development Opportunity

Exclusively Listed By

Multifamily

3919, 3929, 3939 and 3949 Browns Ln

Listing Price: $1,250,000

Cap Rate
4.02%
Number of Units
4
Price/Unit
$312,500
Price/Gross SF
$313.83
Gross SF
3,983

Investment Highlights

  • Rare Turn-Key Investment Opportunity
  • Huge 2.74-Acre RD-20 Zoned Lot
  • Under Market Rents
  • Quiet Secluded Park-Like Setting
  • Centrally Located
  • Potential Development Opportunity

Investment Overview

Marcus & Millichap is pleased to present 3949, 3939, 3929 and 3919 Browns Lane in North Highlands, California. The property consists of four separate completely renovated, turn-key single-family homes and a separate storage building on an idyllic, tree covered 2.74-acre (119.354 square feet) RD-20 zoned lot with a creek running through it. The single-family homes include one two-bedroom/one-bathroom of approximately 809 square feet, one two-bedroom/one-bathroom of approximately 1043 square feet with a one-car garage, one studio/one-bathroom of approximately 360 square feet and one three-bedroom/two-bathroom of approximately 1,770 square feet and a separate 700+ square feet garage/workshop with custom cabinetry. All the homes have undergone substantial capital improvements by the seller including new(er): septic tank, siding, roofs, air conditioning units, dual pane windows, garage and entry doors, decks, entry stairs, and fencing. Unit interiors were completely gutted and feature new(er): drywall, electrical, plumbing, laminate and tile floors, kitchen cabinets and countertops, ceiling fans, recessed lights, appliances, bathroom vanities, custom lighting, and tile showers. Unlike most value-add investments, a new owner will enjoy worry-free ownership with a minimum of disruptions in cash flow due to the turn-key condition of the buildings. Additionally, given the huge RD-20 zoned lot, there may also be the potential to add additional units in the future making an investment in Browns Lane an exceptional opportunity. 3949, 3939, 3929 and 3919 Browns Lane is in a Northeast suburb of Sacramento known as North Highlands, which has historically been a steady and robust workforce housing-oriented rental market. The property is centrally located within Sacramento County and offers tenants convenient access to both Sacramento and Placer Counties via its proximity to highway 80. Due to its central location, tenants are within a 10–15-minute drive to shopping, multiple employment centers, schools, public transportation, highways 80 and 50, and is within a few hours’ drive of Lake Tahoe.

Exclusively Listed By

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