Description
Tazian Associates Inc. is proud to offer for sale 4500 Stockton Apartments, a 16-unit multi-family community in Sacramento, California. The property consists of all one-bedroom/one-bath units with a new roof (3 yrs) , water heater, on-site laundry, security fence, and fully updated interiors in most of the units. 4500 Stockton Apartments was constructed in 1958, and offers prospective residents upgraded units in the heart of the Florin District. The buyer of the subject property will enjoy a property that is turn-key and free of issues while still having the opportunity to push rents in the hottest apartment market in the United States.Combined with steady employment growth and lack of new construction, particularly in the sub market, it is reasonable for the buyer to leverage low interest rates into a healthy cash-on-cash return that does not exist in other markets.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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10,934SQFT
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$183$/SQFT
School Ratings & Info
Description
Tazian Associates Inc. is proud to offer for sale 4500 Stockton Apartments, a 16-unit multi-family community in Sacramento, California. The property consists of all one-bedroom/one-bath units with a new roof (3 yrs) , water heater, on-site laundry, security fence, and fully updated interiors in most of the units. 4500 Stockton Apartments was constructed in 1958, and offers prospective residents upgraded units in the heart of the Florin District. The buyer of the subject property will enjoy a property that is turn-key and free of issues while still having the opportunity to push rents in the hottest apartment market in the United States.Combined with steady employment growth and lack of new construction, particularly in the sub market, it is reasonable for the buyer to leverage low interest rates into a healthy cash-on-cash return that does not exist in other markets.
© 2021 MLSListings Inc. Based on information from MLSListings MLS as of 2021-02-28T23:48:04.963. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate. Licensed in the State of California.
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Listing provided courtesy of Khatchig Tazian of Tazian Associates, Inc..