1814 V St, Sacramento, CA 95818; Multifamily Properties For Sold; A-3 in Sacramento County

Multifamily Properties For Sold

PROPERTY INFORMATION

Property Type: Multifamily
Property Subtype: Mid/High-Rise
No. Units: 14
Building Size: 9,600 SF
Lot Size: 0.30 Acres
APN / Parcel ID: 010-0151-025-0000

Property Description

IT IS A 14 UNIT RESIDENTIAL. ONE BUILDING THAT IS TWO STORIES. GENERATES $113,000 RENTAL INCOME BASED ON 2013. EACH UNIT HAS A/C ALONG WITH OWN GAS AN ELECTRIC METER. EACH UNIT HAS A FIREPLACE. ALL THE 2 BEDROOM UNITS HAVE SMALL BACKYARD AREAS WITH SLIDING GLASS DOORS FROM DWELLING TO YARD. THERE IS A VENDED WASHER AND DRYER AREA WHICH THE TENANTS HAVE ACCESS TO TO WASH CLOTHING – VENDOR PAYS SMALL FEE TO OWNER. ALL UNITS ARE 2+1 OR 1+1. PROPERTY HAS BEEN WELL MAINTAINED BY A LOCAL PROPERTY MANAGEMENT COMPANY, AND THERE IS AN ON-SITE TENANT MANAGER AS WELL. SITE DIMENSIONS ARE 12,986 SQ FT. ZONING IS R-1B. ESTIMATED AGE OF THE BLDG IS 40 – 50 YEARS – COULD NOT FIND RECORDS FOR EXACT AGE. THE CAP RATE NOTED INCLUDES THE ANNUAL EXPENSES THAT ARE ESTIMATED FOR THE YEAR AND THE ASKING PRICE. ESTIMATED CUMULATIVE ANNUAL EXPENSES FOR UTILITIES, MGMT FEES, INSURANCE, GARDENER,TAXES: $54,000 BASED ON 2013. NOI IN 2013 $59,000 (ACTUAL). THE NOI NOTED BELOW IS INCORRECT WILL TRY TO CORRECT WITH LOOPNET.