5250 Young Street, Sacramento, CA 95824; Multifamily Properties For Sale; A-1 in Sacramento County

5250 Young Street, Sacramento, CA 95824; Multifamily Properties For Sale; A-1 in Sacramento County


5250 Young Street, Sacramento, CA 95824; Multifamily Properties For Sale; A-1 in Sacramento County

Multifamily Property For Sale

Price:
$2,600,000
No. Units:
42
Building Size:
30,450 SF
Price/Unit:
$61,904.76
Lot Size:
1.40 AC
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise

Description

Fruitridge Glen Apartments is a 42 unit apartment complex in South Sacramento. The two story building consists of spacious one and two bedroom units. Each unit has a gas stove, wall heat, wall air, and is metered separately for gas and electric. As common with most apartments in this region the owner pays for water, sewage, garbage, exterior lighting and heating of the hot water heater. On the interior of the units there is carpet in the living area and bedrooms with laminate in the kitchen and bathroom. Some units have newer bathroom vanities and all have shower/bath combinations. The majority of the units open into a center courtyard and several walk out directly into the parking lot. The complex is gated with one parking space per unit and a coin operated laundry facility. Landscaping in the center courtyard and on the street side of the complex add color and curb appeal to the property.

The subject property is located in South Sacramento near Fruitridge Road and Stockton Boulevard, which is one of the highest populated areas in Sacramento. Residents can easily access the entire Sacramento region by connecting with Highway-99 that leads to Interstate-80, Highway-50 and Capital City Freeway. Stockton Boulevard, a major thoroughfare, leads directly into Downtown Sacramento where residents can find employment opportunities as well as entertainment or various community events. The property is walking distance to Rite Aid and Kmart, as well as a short distance to multiple restaurants plus general services, such as schools and the Florin Shopping Mall. Less than 5 minutes from the complex is the Old Campbell Soup Factory that was recently purchased by a new investor who has plans to use the space for manufacturing and production. As this major facility is repositioned it will create new jobs and drive further growth along with development throughout this area.

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