Sacramento, CA 95821,Address not disclosed
Sacramento, CA 95821,Address not disclosed
Sacramento, CA 95821,Address not disclosed
Sacramento, CA 95821,Address not disclosed
Sacramento, CA 95821,Address not disclosed
Sacramento, CA 95821,Address not disclosed
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$2,800,000

$2,995,000

6.5%
Est.Price: ?

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Est. payment /mo

0.98 Acres Lot


SOLD DATE : 12/17/2019

Key Details

Sold Price $2,800,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81727953

Sold Date 12/17/19

HOA Y/N No

Year Built 1958

Lot Size 0.975 Acres

Property Description

This 24 unit garden apartment complex in the Arden Arcade area of Sacramento offers immediate upside with below market rents. 9 two bedroom and 15 one bedroom units are individually metered for gas and electricity, paid by tenants. A nearly one acre lot offers off-street parking for all tenants. Sacramento, and the Arden Arcade area, have experienced strong rent growth in the last few years while vacancies remain at a historic low. As the seat of California's government, Sacramento offers a stable government job base and an expanding private sector. Exceptional job growth has attracted a growing renter population in recent years. The complex is located just miles from several major employers. With close proximity to Highway 80, the location offers easy access to Town and Country Village, Arden Fair Mall, Country Club Plaza and various other shopping and entertainment venues.

Location

State CA

County Sacramento

Area 699 - Not Defined

Zoning RD-30

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Roof Type Composition

Total Parking Spaces 24

Building

Water Public

Schools

School District Sacramento City Unified

Others

Tax ID 26600400600000

Financing Cash

Special Listing Condition Standard

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Justin & Jessica Bouzane

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California Regional MLS (CRMLS)
Listed by B. Schlatter • Schlatter Associates Inc
Bought with REID SETTLEMIER

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Justin & Jessica Bouzane

Broker Associate | Lic# 01905244

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