Sacramento, CA 95820,Address not disclosed
Sacramento, CA 95820,Address not disclosed
Sacramento, CA 95820,Address not disclosed
Sacramento, CA 95820,Address not disclosed
Sacramento, CA 95820,Address not disclosed
Sacramento, CA 95820,Address not disclosed
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$1,895,000

$1,999,000

5.2%
Est.Price: ?

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Est. payment /mo

0.45 Acres Lot


SOLD DATE : 07/02/2021

Key Details

Sold Price $1,895,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81828904

Sold Date 07/02/21

HOA Y/N No

Year Built 1958

Annual Tax Amount $21,502

Lot Size 0.446 Acres

Property Description

Tazian Associates Inc. is proud to offer for sale 4500 Stockton Apartments, a 16-unit multi-family community in Sacramento, California. The property consists of all one-bedroom/one-bath units with a new roof (3 yrs) , water heater, on-site laundry, security fence, and fully updated interiors in most of the units. 4500 Stockton Apartments was constructed in 1958, and offers prospective residents upgraded units in the heart of the Florin District. The buyer of the subject property will enjoy a property that is turn-key and free of issues while still having the opportunity to push rents in the hottest apartment market in the United States.Combined with steady employment growth and lack of new construction, particularly in the sub market, it is reasonable for the buyer to leverage low interest rates into a healthy cash-on-cash return that does not exist in other markets.

Location

State CA

County Sacramento

Area 699 - Not Defined

Zoning SPA

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Roof Type Flat

Total Parking Spaces 20

Building

Water Public

Schools

School District Sacramento City Unified

Others

Tax ID 02002530060000

Financing Conventional

Special Listing Condition Standard

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Justin & Jessica Bouzane

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California Regional MLS (CRMLS)
Listed by Khatchig Tazian • Tazian Associates, Inc.
Bought with Georgina Centeno • eXp Realty of California Inc.

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Justin & Jessica Bouzane

Broker Associate | Lic# 01905244

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