Property Attributes
- MLS#224054171
- TypeIncome
- CountySACRAMENTO
- CitySacramento
- AreaSacramento
- Zip95824
- Style5 or More Units
- Price$ 1,725,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.2633 Acres
Data Source:
MetroList MLS
Property Description
We are 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.
Price History | |
---|---|
5/20/2024 | Listed $1,725,000 |
General Features
Sewer | Public Sewer |
---|---|
Heating | Wall Furnace |
Cooling | Wall Unit(s),Window Unit(s) |
Utilities | City |
Roof | Composition |
Garage Spaces | 0.0 |
Patio/Porch Features | Covered Deck |
Construction Materials | Stucco,Wood |
Year Built | 1962 |
Levels | Two |
Property SubType | 5 or More Units |
County | Sacramento |
Property Type | ResidentialIncome |
HOA / Comm Assn | No |
Close Price | 0.0 |
Status | Active |
Directions | Head south on Stockton Blvd,turn west onto Southwest Ave,turn north on Nina Way. Property is on your left. |
City | Sacramento |
Buyer Agent Compensation | 2 |
High School District | Sacramento Unified |
Zoning Description | residential |
Open Parking Spaces | 12.0 |
NumberOfUnitsTotal | 12 |
MLS Area | 10824 |
Lot Size Square Feet | 11470.0 |
Carport Spaces | 0.0 |
Street Name | Nina Way |
Ok to Lease | Month To Month |
Standard Status | Active |
Middle/Junior School District | Sacramento Unified |
Elementary School District | Sacramento Unified |
Year Built Source | Assessor Agent-Fill |
Buyer Agent Compensation Type | Percent |
Interior Features
Flooring | Carpet,Vinyl,Linoleum |
---|---|
Total Stories | 2 |
Unit 1 Full Baths | 1 |
Unit1Bedrooms | 1 |
Laundry Features | In Common Area |
Unit 1 Bedroom Units Total | 7 |
Unit 2 Bedroom Units Total | 4 |
UnitTypeStudioUnitsTotal | 1 |
Exterior Features
Parking Features | Off Street,Street |
---|---|
Lot Features | Curbs/Gutters,Sidewalk |
Water Source | Meter on Site |
Total Parking | 12.0 |
Foundation Details | Raised |
Number of Buildings | 1 |
Lot Size Acres | 0.2633 |
Lot Size Source | Not Verified |
Covered Spaces | 0.0 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool