Address
2546 Traction, Sacramento, CA
Price
$ 2,300,000
Property Attributes
  • MLS#223112274
  • TypePending
  • CountySACRAMENTO
  • CitySacramento
  • AreaSacramento
  • Zip95815
  • Style5 or More Units
  • Price$ 2,300,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.15 Acres
Data Source:
MetroList MLS
Property Description

Here is a Great Opportunity to own this 18 Unit Apartment Complex, with a Cap Rate of 6.93 Qualified investors can assume loan in place at an interest rate of 4.85% with 30 year amortization. Property provides excellent cash flow as the current owner has invested over $160,000 in capital improvements; fencing, new gas lines, two operational laundry rooms, operational store rooms/storage areas, security cameras, exterior painting, fenced in and demarcated parking lot, and numerous safety improvements This property has 16-One Bedroom and 2-two Bedroom units. Most(~80%) units are upgraded with numerous improvements such as new flooring, cabinets, countertops, bath tubs, windows, Interior Painting, appliances New ownership can take advantage of dependable and consistent cash flow as most of the units are rented to tenants where government agencies or external programs pay most of the rent This is a Must See!

Price History
12/2/2023 Listed $2,599,999
1/29/2024 8% - $2,400,000
3/13/2024 5% - $2,300,000

General Features

Sewer Public Sewer
Heating Wall Furnace
Cooling Wall Unit(s),Window Unit(s)
Utilities Cable Available,Natural Gas Connected
Unit 4 Rent 1300
Unit 2 Rent 1200
Unit 3 Rent 1300
Unit 1 Rent 1150
Garage Spaces 0.0
Construction Materials Stucco,Wood
Year Built 1960
Stories 2
Property SubType 5 or More Units
County Sacramento
Property Type ResidentialIncome
HOA / Comm Assn No
Close Price 0.0
Status Pending Bring Backup
Directions Capital City 80,Exit El Camino Ave. go West,Right on Traction Ave to address.
City Sacramento
Buyer Agent Compensation 2
High School District Twin Rivers Unified
Zoning Description R-2B
Open Parking Spaces 0.0
Total Units 18
MLS Area 10815
Lot Size Square Feet 6534.0
Carport Spaces 0.0
Street Name Traction
Standard Status Pending
Middle/Junior School District Twin Rivers Unified
Elementary School District Twin Rivers Unified
Year Built Source Assessor Agent-Fill
Buyer Agent Compensation Type Percent

Interior Features

Flooring Tile,Laminate,Vinyl
Total Stories 2
Unit 1 Full Baths 1
Unit 2 Full Baths 1
Unit 3 Full Baths 1
Unit1Bedrooms 1
Unit2Bedrooms 1
Unit3Bedrooms 1
Unit4Bedrooms 1
Laundry Features Coin Operated,Washer/Dryer Owned
Unit 1 Bedroom Units Total 16
Unit 2 Bedroom Units Total 2

Exterior Features

Parking Features Off Street,Offsite
Lot Features Shape Irregular
Water Source Public
Total Parking 13.0
Foundation Details Concrete,Slab
Number of Buildings 2
Lot Size Acres 0.15
Lot Size Source Assessor Auto-Fill
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

Property vs Pending Average in 95815

Price
AVG $540K
$2.3M
Visits
AVG 339
364
Data Provided by Inside Real Estate®
Year Built
AVG 1948
1960

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