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31585709
31585710

921 Rivera Dr, Sacramento, CA 95838

ME
CA CA 02034713
Carlile Realty & Lending
Listed by Carlile Realty & Lending
$779,800
55 days on market
Updated 55 days ago
Opportunity zone

Rivera

Details
APN 251-0282-018
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 3,665
Net Rentable (SqFt) 3,665
Units 4
Cap Rate 10.08%
NOI $78,600
Occupancy 75%
Pro-Forma Cap Rate 10.23%
Pro-Forma NOI $79,800
Price per SqFt $213
Broker Co-Op No
Year Built 1949
Year Renovated 2019
Buildings 5
Stories 1
Acreage 0.490
Zoning r1
Parking Spaces 3 spaces
Parking Per SqFt 0.82
Ownership Fee Simple

Multifamily | 4 Units | $194,950/unit

Marketing description

Rare Multi-Family Investment Opportunity sitting on nearly a 1/2 acre with approved plans to build another ADU! Annual rent revenue of over $76,000 per year. Four Income producing rentals across 3 buildings, plus Three detached support structures (Garage, Laundry, Storage). The package includes a standalone renovated 3-Bed/1 Bath unit, a stand alone 2 bed/1 bath and a duplex featuring a 1 bed/1 bath and a 2 bed/1 bath. Recently upgraded property including a new roof. Conveniently located minutes from shopping, grocery, hwy 80 and local schools, this property is well positioned for consistent tenant demand. Efficiently configured for low-complexity management with upside through rent optimization and laundry income. At asking, this asset offers a compelling return with a projected cap rate of over 9% - Ideal for investors and 1031 exchange buyers.

Listing Contacts

ME
CA CA 02034713
Carlile Realty & Lending
Listed by Carlile Realty & Lending

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$78,600.00
$6,550.00/mo

Valuation Metrics

0
DSCR
10.08%
Cap Rate
10.08%
ROI

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Additional Information

Name
Michael Erman
License
CA 02034713
Brokerage
Carlile Realty Group
Brokerage Phone
9165245245
Title
Real estate salesperson
Brokerage Address
1860 Howe Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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