2313-2315 T St

8 Unit Apartment Building $1,799,000 ($224,875/Unit) 4.80% Cap Rate Sacramento, CA 95816

INVESTMENT HIGHLIGHTS

  • Exceptionally attractive Tudor styling
  • 4 Single level buildings
  • Exceptional rental history

EXECUTIVE SUMMARY

Discover a rare investment opportunity in the heart of Midtown Sacramento. This captivating property features four single-level duplexes, each showcasing charming Tudor styling and incredible curb appeal. Built in 1938, this well-maintained complex offers a mix of one-bedroom, one-bath units, ranging from approximately 666 to 896 square feet. Each unit includes an enclosed one-car garage, a highly desirable amenity in this vibrant urban location. Currently generating $12,245 per month in rental income, the property offers immediate cash flow with significant upside potential. Pro forma rents are estimated at $13,200 or more, presenting a compelling value-add opportunity. Enhance the value further through strategic capital improvements and the implementation of a Ratio Utility Billing System (RUBS). Residents will enjoy unparalleled access to the best of Midtown Sacramento. Easy access to a diverse array of restaurants, cafes, and shops, or explore the vibrant cultural scene. The State Capitol, major freeways, and public transportation are all within easy reach. Conveniently located near Safeway and the Sacramento Natural Foods Co-Op, grocery shopping is a breeze.

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

PROPERTY FACTS Under Contract

Price $1,799,000
Price Per Unit $224,875
Sale Type Investment
Cap Rate 4.80%
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.29 AC
Building Size 8,467 SF
Average Occupancy 100%
No. Stories 1
Year Built 1938
Parking Ratio 0.83/1,000 SF

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 8 $1,573 666 - 896
Walk Score®
Very Walkable (87)
Bike Score®
Biker's Paradise (99)

PROPERTY TAXES

ZONING

Zoning Code R-3A-SPD
  • Listing ID: 34678206

  • Date on Market: 1/31/2025

  • Last Updated:

  • Address: 2313-2315 T St, Sacramento, CA 95816