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3817 Altos Ave

4 Unit Apartment Building Offered at $1,229,095 CAD at a 8.12% Cap Rate in Sacramento, CA 95838

Investment Highlights

  • Stable rental income
  • Gross income generating

Executive Summary

Explore an outstanding investment opportunity with this property featuring 3 distinct buildings on a single lot, offering a total of 4 units. Among the offerings are 2 units with 3-bed, 2-bath; a 2-bed, 1-bath; and a convenient studio unit with 1 bath. The gross income generated is a total of $83,376. The property is fully occupied by long term tenants. Tenants in 2 of the 4 units have been living there for more than 10 years. Additionally some units are due for rent increases. The property offers stabilized rents, long term tenants, and all builds have been completed with permits providing stability and consistent rental income. Located in close proximity to parks, golf courses, schools, shopping centers, and a variety of dining options, quick access to the airport, downtown area, and major highways. Great option for investors looking to expand their portfolio or enter the rental market. Don't miss your chance to acquire a valuable asset in a thriving community.

Attachments

altos numbers

Financial Summary (Actual - 2023) 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
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) 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
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $1,229,095 CAD
Price Per Unit $307,274 CAD
Sale Type Investment
Cap Rate 8.12%
No. Units 4
Property Type Multifamily
Building Size 2,581 SF
No. Stories 1
Year Built 2007
Opportunity Zone Yes

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 1 - 279
2+1 1 - 453
3+2 2 - 1,064
Bike Score ®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 32235905

  • Date on Market: 2024-06-24

  • Last Updated:

  • Address: 3817 Altos Ave, Sacramento, CA 95838

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