$1,895,000
$1,999,000
5.2%For more information regarding the value of a property, please contact us for a free consultation.
Address not disclosed Sacramento, CA 95820
0.45 Acres Lot
Key Details
Sold Price $1,895,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81828904
Sold Date 07/02/21
HOA Y/N No
Year Built 1958
Annual Tax Amount $21,502
Lot Size 0.446 Acres
Property Description
Tazian Associates Inc. is proud to offer for sale 4500 Stockton Apartments, a 16-unit multi-family community in Sacramento, California. The property consists of all one-bedroom/one-bath units with a new roof (3 yrs) , water heater, on-site laundry, security fence, and fully updated interiors in most of the units. 4500 Stockton Apartments was constructed in 1958, and offers prospective residents upgraded units in the heart of the Florin District. The buyer of the subject property will enjoy a property that is turn-key and free of issues while still having the opportunity to push rents in the hottest apartment market in the United States.Combined with steady employment growth and lack of new construction, particularly in the sub market, it is reasonable for the buyer to leverage low interest rates into a healthy cash-on-cash return that does not exist in other markets.
Location
State CA
County Sacramento
Area 699 - Not Defined
Zoning SPA
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Roof Type Flat
Total Parking Spaces 20
Building
Water Public
Schools
School District Sacramento City Unified
Others
Tax ID 02002530060000
Financing Conventional
Special Listing Condition Standard
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Bought with Georgina Centeno • eXp Realty of California Inc.