3130 3rd AVE new Save Request In-Person Tour Request Virtual Tour
Sacramento,CA 95817
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 9,400 sqft
Price per Sqft $252
MLS Listing ID 224114878
Year Built 1960
Lot Size 6,098 Sqft
Property Description
3130 - 3132 3rd Ave in Sacramento, California. The sixteen-unit apartment community spans two parcels and features both one- and two-bedroom floorplans for residents. The property is very well located, only minutes to downtown / midtown Sacramento, the region's economic and entertainment epicenter. As a part of the triangle district area of North Oak Park, residents are within walking distance to the regions preeminent medical care, UC Davis Medical Center and UC Davis Aggie Square Innovation Hub. The neighborhood also lies at the intersection of CA Hwy 99, US Hwy 50, and Interstate Business 80, allowing residents immediate access to all major throughways in the region. The property features off street alley parking, gated entry, and onsite laundry facilities. The offering represents a unique opportunity to purchase a cash flowing asset day one, but the next investor will have a clear-cut strategy to massively increase value through renovations and aggressive management. Competitive sets suggest that the September 2024 rent roll is approximately 20% below the market and the erosion of the loss to lease would push the capitalization rate to exceed 8%. All tours must be scheduled through listings agents. Please do not disturb residents or management.
Location
State CA
County Sacramento
Area 10817
Interior
Heating Individual
Cooling Wall Unit(s)
Flooring Vinyl
Laundry In Common Area
Exterior
Garage Off Street
Utilities Available Natural Gas Connected,Electric
Building
Lot Description Curbs/Gutters
Story 2
Foundation Concrete
Sewer Sewer Connected
Water Water District
Schools
Elementary Schools Sacramento Unified
Middle Schools Sacramento Unified
High Schools Sacramento Unified
School District Sacramento
Others
Special Listing Condition Offer As Is