4241 Sweetwater Ave
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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 | Apartment Style | Low Rise |
Price Per Unit | $179,800 | Building Class | C |
Sale Type | Investment | Lot Size | 0.45 AC |
Cap Rate | 5.69% | Building Size | 4,815 SF |
Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
Gross Rent Multiplier | 10.1 | No. Stories | 2 |
No. Units | 5 | Year Built | 1910 |
Property Type | Multifamily | Parking Ratio | 1.25/1,000 SF |
Property Subtype | Apartment | Opportunity Zone |
Yes
|
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 |
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PROPERTY TAXES
Parcel Number | 022-0241-014 | Improvements Assessment | $527,080 |
Land Assessment | $223,101 | Total Assessment | $750,181 |
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) |
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4241 Sweetwater Ave
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