***PRICE REDUCED & Owner will include the adjacent vacant lot next door at 2856 Del Paso Blvd which is .12 Acres zoned RMX. This property is Currently grossing $11,700/month!***This 11-Unit apartment building is the best deal on the market currently at a 6.3% CAP rate and only $125K/unit The building has also been remodeled completely on the the exterior and All electrical panels were just replaced. In 2023, the property underwent a transformative exterior upgrade, enhancing its aesthetic appeal. The improvements included a fresh coat of paint applied to the upstairs flooring and the exterior of the complex. In addition, cedar wood was added to the front of the building giving it a modern and stylish touch. In 2020, a new 100-gallon water heater tank was installed to serve the entire complex. Any dry rot throughout the complex was diligently addressed to ensure the property's durability and turn-key appeal. The unit mix consists of two studios, eight 1-bedroom/1-bathroom, and one 2-bedroom/1-bathroom units. Recent improvements include upgraded kitchen countertops, painted kitchen cabinets, upgraded bathroom cabinets, new ceiling fans, and recessed ceiling lighting. All 11-units have brand-new AC wall units.
Property Type :
ResidentialIncome
County :
Sacramento
Style :
ResidentialIncome
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ByOwner last updated this listing 05/21/2024 @ 05:40
MLS: 223107903
LISTED BY: Matthew Sarro, Collier's International CA, Inc.
SOURCE: MLS Metrolist
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
