2711 E St
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2711 E St
6 Unit Apartment Building $1,595,000 ($265,833/Unit) 6.58% Cap Rate Sacramento, CA 95816
Investment Highlights
- Turnkey six-unit apartment complex in the coveted Midtown.
- New Washer/Dryer in each unit.
- Electrical Upgrade to Building
- Extensive Renovations & Capital Improvements
- Covered Parking with Security Gate
- Current Cap: 5.08% Market Cap: 6.58%
Executive Summary
This is a turnkey six-unit apartment complex nestled in the coveted Midtown area of Sacramento. 2711 E Street has undergone extensive renovations and capital improvements. The interiors boast renovated kitchens with granite countertops, updated bathrooms, new washer/dryers in each unit, individual water heaters and updated heating and air conditioning units.
The exterior of the building has been recently painted, new double pane windows installed throughout the property, and covered parking stalls off the back of the property with a secured gate. The property has undergone a complete electrical upgrade with the addition of separate electrical panels located in each unit.
The exterior of the building has been recently painted, new double pane windows installed throughout the property, and covered parking stalls off the back of the property with a secured gate. The property has undergone a complete electrical upgrade with the addition of separate electrical panels located in each unit.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $1,595,000 | Apartment Style | Low Rise |
| Price Per Unit | $265,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 6.58% | Building Size | 4,200 SF |
| Gross Rent Multiplier | 12.97 | No. Stories | 2 |
| No. Units | 6 | Year Built/Renovated | 1949/2024 |
| Property Type | Multifamily | Parking Ratio | 1.43/1,000 SF |
| Property Subtype | Apartment |
| Price | $1,595,000 |
| Price Per Unit | $265,833 |
| Sale Type | Investment |
| Cap Rate | 6.58% |
| Gross Rent Multiplier | 12.97 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,200 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1949/2024 |
| Parking Ratio | 1.43/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Granite Countertops
- Refrigerator
- Oven
- Tub/Shower
- Double Pane Windows
- Window Coverings
Site Amenities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 650 |
| 2+1 | 2 | - | 775 - 800 |
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Walk Score ®
Very Walkable (82)
Bike Score ®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | 003-0151-019 | Improvements Assessment | $820,233 |
| Land Assessment | $355,433 | Total Assessment | $1,175,666 |
PROPERTY TAXES
Parcel Number
003-0151-019
Land Assessment
$355,433
Improvements Assessment
$820,233
Total Assessment
$1,175,666
zoning
| Zoning Code | R1B, Sacramento |
| R1B, Sacramento |
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Presented by
Metrovo Group
2711 E St
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