2313-2315 T St
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2313-2315 T St
8 Unit Apartment Building $1,799,000 ($224,875/Unit) 4.80% Cap Rate Sacramento, CA 95816
INVESTMENT HIGHLIGHTS
- Exceptionally attractive Tudor styling
- 4 Single level buildings
- Exceptional rental history
EXECUTIVE SUMMARY
Discover a rare investment opportunity in the heart of Midtown Sacramento. This captivating property features four single-level duplexes, each showcasing charming Tudor styling and incredible curb appeal. Built in 1938, this well-maintained complex offers a mix of one-bedroom, one-bath units, ranging from approximately 666 to 896 square feet. Each unit includes an enclosed one-car garage, a highly desirable amenity in this vibrant urban location. Currently generating $12,245 per month in rental income, the property offers immediate cash flow with significant upside potential. Pro forma rents are estimated at $13,200 or more, presenting a compelling value-add opportunity. Enhance the value further through strategic capital improvements and the implementation of a Ratio Utility Billing System (RUBS). Residents will enjoy unparalleled access to the best of Midtown Sacramento. Easy access to a diverse array of restaurants, cafes, and shops, or explore the vibrant cultural scene. The State Capitol, major freeways, and public transportation are all within easy reach. Conveniently located near Safeway and the Sacramento Natural Foods Co-Op, grocery shopping is a breeze.
DATA ROOM Click Here to Access
- Market Information
FINANCIAL SUMMARY (ACTUAL - 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
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 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 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $1,799,000 | Apartment Style | Garden |
| Price Per Unit | $224,875 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 4.80% | Building Size | 8,467 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1938 |
| Price | $1,799,000 |
| Price Per Unit | $224,875 |
| Sale Type | Investment |
| Cap Rate | 4.80% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 8,467 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1938 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $1,573 | 666 - 896 |
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Walk Score®
Very Walkable (87)
Bike Score®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | 010-0036-014 | Total Assessment | $314,720 |
| Land Assessment | $117,023 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $197,697 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
010-0036-014
Land Assessment
$117,023
Improvements Assessment
$197,697
Total Assessment
$314,720
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
ZONING
| Zoning Code | R-3A-SPD |
| R-3A-SPD |
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2313-2315 T St
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