1325 18th St, Sacramento, CA 95811; Multifamily Properties for Sold; A-3-2 in Sacramento

Multifamily Properties For Sold

Property Information

Property Type:  Multifamily
Property Subtype:  Mid/High-Rise
No. Units  24
Building Size:  12,600 SF
Lot Size:  0.15 Acres
APN / Parcel ID:  007-0142-023-0000

Property Description
1325 18th Street is an impeccably located, value-add apartment building located in the heart of Sacramento’s premier living and social environment, at the convergence of Downtown and Midtown Sacramento. The building is comprised of 24 one-bedroom/one-bathroom units, and one dedicated office space on the ground floor. Many units have received recent renovations including new carpet, air-conditioning units, flooring, and paint. This premium asset has below market rents for such a premier location. Midtown Sacramento has the regions’ lowest vacancy factor, most stable rental base, and expected rent growth projected at 3.2 percent, which is higher than any surrounding market.