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1204 South Ave, 2.75% Assumable loan Avail. 1204 South Ave

6 Unit Apartment Building $1,358,326 CAD ($226,388 CAD/Unit) 8.86% Cap Rate Sacramento, CA 95838

Executive Summary

Potential Assumable 2.75% Loan Available!
Presenting an outstanding investment opportunity. This versatile property comprises a total of 6 units, including 4 primary residences and 2 newly constructed ADUs, both built in 2024. The property features a well-balanced mix of unit types:(3)1-bedroom, 1-bathroom units and (3)2-bedroom, 1-bathroom units. Each unit has been thoughtfully designed to maximize space and functionality, with the ADUs offering modern layouts that appeal to today's renters. The total potential rental income for this property exceeds $9,450 per month/ $113,400 per year, making it an exceptional addition to any investment portfolio. The two new ADU units are currently vacant, providing immediate rental opportunities or flexible living arrangements. The remaining four units are fully occupied, ensuring a steady income stream from day one. This property is ideally suited for investors looking to maximize rental income or for buyers seeking a versatile property with multiple income-generating possibilities. Whether you are an investor aiming to capitalize on strong cash flow, a buyer interested in flexible living options, or someone looking to leverage rental income to support mortgage payments, this six-unit property represents a unique and valuable opportunity. Don't miss out!

Financial Summary (Actual - 2024) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual -
Annual Per SF -

Property Facts

Price $1,358,326 CAD
Price Per Unit $226,388 CAD
Sale Type Investment
Cap Rate 8.86%
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class C
Lot Size 0.24 AC
Building Size 10,071 SF
No. Stories 1
Year Built/Renovated 1960/2024
Opportunity Zone Yes

Unit Amenities

  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Freezer

Site Amenities

  • 24 Hour Access
  • Tenant Controlled HVAC
  • Walk-Up
  • Smoke Detector
  • Listing ID: 33156564

  • Date on Market: 2024-09-12

  • Last Updated:

  • Address: 1204 South Ave, Sacramento, CA 95838

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