4140 Broadway
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4140 Broadway
2 Unit Apartment Building $549,500 ($274,750/Unit) 5.01% Cap Rate Sacramento, CA 95817
Investment Highlights
- Remodeled Kitchens
- Remodeled Bathrooms
Executive Summary
Opportunity Knocks on this vibrant Oak Park Duplex. Both units are 2 bedrooms and 1bath. Both units were renovated in 2021. Both units feature wood laminate flooring, granite countertops, stainless steel kitchen sinks, and new kitchen cabinets with gas stoves. Updated bathrooms with a solid surface shower surround upstairs, tile shower surrounds downstairs, & updated vanities with granite countertops in the downstairs bathroom. There is central heating and air upstairs and, wall-mounted heat and air conditioning downstairs. The current rent downstairs is $1500 per month and proforma rent upstairs is $2027 per month according to Rentometer Pro (see enclosed report). Total proforma monthly income is $3,527 with an annual Proforma income of $42,324 and a Proforma GRM of 12.70. This duplex is located in one of the hottest neighborhoods in Sacramento, with new developments, and is close to downtown, local hospitals, and many other lifestyle amenities.
Financial Summary (Pro forma - 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
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $549,500 | Apartment Style | Low Rise |
| Price Per Unit | $274,750 | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 2,112 SF |
| Cap Rate | 5.01% | Average Occupancy | 50% |
| Sale Conditions | 1031 Exchange | No. Stories | 2 |
| Gross Rent Multiplier | 12.7 | Year Built/Renovated | 1935/2021 |
| No. Units | 2 | Parking Ratio | 0.95/1,000 SF |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $549,500 |
| Price Per Unit | $274,750 |
| Sale Type | Investment |
| Cap Rate | 5.01% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 12.7 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Lot Size | 0.08 AC |
| Building Size | 2,112 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built/Renovated | 1935/2021 |
| Parking Ratio | 0.95/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Kitchen
- Granite Countertops
- Range
- Mud Room
- Window Coverings
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $1,500 | 1,056 |
1 of 1
Walk Score ®
Very Walkable (78)
Bike Score ®
Very Bikeable (89)
zoning
| Zoning Code | C-1-SPD |
| C-1-SPD |
-
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4140 Broadway
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