2732 Rio Linda Blvd Sacramento, CA 95815

This exceptional 26-unit apartment building in Sacramento, CA, presents a compelling investment opportunity. Boasting a 7.57% cap rate and a pro-forma cap rate of 7.95%, this stabilized property offers significant upside potential. The 14,196 square foot building, constructed in 1960 and extensively renovated in 2023, features updated interiors with new kitchen cabinets, quartz countertops, stainless steel appliances, and laminate flooring. All 26 units are currently occupied, generating a strong NOI of $295,389, projected to increase to $310,000. Recent capital improvements totaling $350,000 include renovations to 70% of the units, a new main water line, new asphalt pavement, exterior repairs, and fresh paint. Additional amenities include a gated property with security cameras, a new perimeter fence and security gate, an onsite office, and a laundry facility. The property sits on a 0.71-acre lot, zoned R-2B, and includes 26 parking spaces. This turnkey investment is priced at $3,900,000 ($150,000 per unit and $269.04 per square foot), and is suitable for a 1031 exchange. The property's strong performance, recent upgrades, and prime Sacramento location make it an ideal addition to any portfolio.