For Sale
$3,900,000

2732 Rio Linda BlvdSacramento, CA 95815

Sacramento Multifamily Investment

Overview

Added:
Dec 11, 2024
Days on market:
116
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.

Property Details for 2732 Rio Linda Blvd

Property type
Apartment buildings
Square Feet
14,496 SF
Class
C
Year Built/Renovated
1960/2023
Buildings
1
Stories
2
Lot Size (sq. ft)
30,928 SF
Units
26

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.617144320068
Longitude
-121.44611863112
2732 Rio Linda Blvd, Sacramento, California

FAQs

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2732 Rio Linda Blvd
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