(10) 3Bed/1.5ba Single Family Homes | 5921-5931 Belleview Ave
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(10) 3Bed/1.5ba Single Family Homes 5921-5931 Belleview Ave
10 Unit Apartment Building $2,950,000 ($295,000/Unit) 5.31% Cap Rate Sacramento, CA 95824
Investment Highlights
- (10) 3 bedroom, 1.5 bathroom homes spread across two parcels
- Quiet single family neighborhood without any other multifamily around
- Each house has their own laundry, single car garage, and private fenced backyard
- Approximately half of the units have been updated recently
Executive Summary
5921-5931 Belleview Ave includes (10) single family houses spread across two parcels in a nice and quiet South Sacramento neighborhood. All ten houses were built between 1991 and 1992, and feature (3) bedrooms, and (1.5) bathrooms. All houses have private and fenced backyards, single car garages. Each house has washer/dryer hookups, and is individually metered for gas and electric. There is also the ability to add individual water meters to each unit, allowing the possibility of condo-mapping the ten houses. The most recent unit was filled at $2300, setting a new precedent for the remaining units. Approximately have of the units have been recently updated, with the rest long term tenants.
Property Facts
Price | $2,950,000 | Apartment Style | Garden |
Price Per Unit | $295,000 | Building Class | B |
Sale Type | Investment | Lot Size | 1.26 AC |
Cap Rate | 5.31% | Building Size | 13,060 SF |
Sale Conditions | 1031 Exchange | Average Occupancy | 95% |
No. Units | 10 | No. Stories | 1 |
Property Type | Multifamily | Year Built | 1992 |
Property Subtype | Apartment | Parking Ratio | 2.3/1,000 SF |
Price | $2,950,000 |
Price Per Unit | $295,000 |
Sale Type | Investment |
Cap Rate | 5.31% |
Sale Conditions | 1031 Exchange |
No. Units | 10 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Garden |
Building Class | B |
Lot Size | 1.26 AC |
Building Size | 13,060 SF |
Average Occupancy | 95% |
No. Stories | 1 |
Year Built | 1992 |
Parking Ratio | 2.3/1,000 SF |
Unit Amenities
- Air Conditioning
Site Amenities
- 24 Hour Access
- Courtyard
- Gated
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
3+1.5 | 10 | - | 1,300 |
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PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $626,162 | |
Land Assessment | $78,246 | Total Assessment | $704,408 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$78,246
Improvements Assessment
$626,162
Total Assessment
$704,408
zoning
Zoning Code | R1,Sacramento (R-1 - SINGLE FAMILY RESIDENTIAL 1-2 UNITS / LOT) |
R1,Sacramento (R-1 - SINGLE FAMILY RESIDENTIAL 1-2 UNITS / LOT) |
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(10) 3Bed/1.5ba Single Family Homes | 5921-5931 Belleview Ave
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