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4241 Sweetwater Ave

5 Unit Apartment Building $899,000 ($179,800/Unit) 5.69% Cap Rate Sacramento, CA 95820

Investment Highlights

  • (1) Large 4 bedroom, 2 bathroom single family home and (1) fourplex
  • Located in a quiet single family home neighborhood
  • Space for an additional ADU

Executive Summary

4241 Sweetwater Ave. is a (5) unit multifamily investment property located in a residential south Sacramento neighborhood. The property consists of one fourplex with each unit being one bedroom and one bathroom. The property also contains a large 3-bedroom, 2-bathroom single-family home with a private backyard. The fourplex is occupied by section 8 tenants. Several of the units are below market and should be increased through section 8 program. The house is also below market and can be given a 60-day notice for an 8% increase immediately. Sweetwater Avenue is a great opportunity for an entry-level investment into the commercial multifamily world.

Property Facts

Price $899,000
Price Per Unit $179,800
Sale Type Investment
Cap Rate 5.69%
Sale Conditions 1031 Exchange
Gross Rent Multiplier 10.1
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.45 AC
Building Size 4,815 SF
Average Occupancy 100%
No. Stories 2
Year Built 1910
Parking Ratio 1.25/1,000 SF
Opportunity Zone Yes

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 4 - -
3+2 1 - 2,500

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
022-0241-014
Land Assessment
$223,101
Improvements Assessment
$527,080
Total Assessment
$750,181

zoning

Zoning Code RD20 (RD-20 - HIGH DENSITY MULTIFAMILY RESIDENTIAL)
RD20 (RD-20 - HIGH DENSITY MULTIFAMILY RESIDENTIAL)
  • Listing ID: 33273130

  • Date on Market: 9/23/2024

  • Last Updated:

  • Address: 4241 Sweetwater Ave, Sacramento, CA 95820

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