David M. Deloney
This listing was posted on RealtyWW.
$1,725,000
Home For Sale In Sacramento, California
Price:
$1,725,000
BR/BA:
10+ BR, 1 BA
Location:
5756 Nina Way, Sacramento, CA
Description:
The DeLoney Group of Marcus and Millichap is pleased to present 5756-5760 Nina Way Apartments, a captivating 12-unit apartment community located in Sacramento, California. The community features 1 studio unit with 425 rentable square feet, 7 one-bedroom/one-bathroom units with 625 rentable square feet, and 4 two-bedroom/one-bathroom units with 775 rentable square feet. The purchaser of this community will enjoy a favorable and diverse unit mix with an immediate value-add component and rental upside potential. Tenants have the benefit of off-street parking, a spacious onsite laundry room with personal storage lockers, and convenient access to several shopping centers nearby. The market comparable suggest a 25% loss-to-lease upside thesis with moderate turn quality upgrades. There are two units currently vacant and slated for renovation which would allow a purchaser to capture some of the immediate upside potential in addition to raising rents on existing residents. The property is not far from Ca-Hwy 99, allowing residents to enjoy seamless connectivity to Sacramento's bustling Midtown/Downtown, unlocking a world of employment opportunities and entertainment options.For more details: https://realtyww.info/homes_sacramento-d523689/for-sale_i72112014
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