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3833 Marconi Avenue, Sacramento, CA 95821

TL
CA 01840641
$4,599,999
48 days on market
Updated 48 days ago

3833 Marconi Avenue

Details
Property Type Retail, Multifamily
Sub Type Apartment Building
Square Footage 222
Cap Rate 5.00%
NOI $230,368
Class B
Year Built 1960
Zoning RD30
Ground Lease No

Turn-key 24 units with EV charging stations

Marketing description

Drexwell Commercial is pleased to present The Telegraph, a 24-unit Class B Multifamily with a diverse unit mix; made up of eighteen 1BD/1BA units, two 2BD/1BA, and four 3BD/1BA units. All units are equipped with in-unit washers and dryers. The Telegraph is located in Arden-Arcade between Watt and Eastern Ave just outside of the bustling Arden and Howe Bout Arden shopping district area and close to the border of the quieter Carmichael neighborhood. The property was built in 1960; however, it has undergone extensive renovations since 2017 and over the last few years. The extensive capital improvements consist of: 24 rehabbed units (14 of the units have high-end finishes), EV charging stations, newer HVAC units, upgraded kitchen appliances, new washer and dryer combo units, newer roof, upgraded dual pane windows, recently completed exterior paint, updated paving, newer security gate, and upgraded kitchen and bathroom cabinets, etc. Subject to inspection and further due diligence by the buyer.

Investment highlights

  • Potential Attractive Assumable Loan Available: 3.46%, $2,700,000 loan, 6 years remaining
  • Turn-key 24 units with EV charging stations
  • Attractive Assumable Loan Available - 6 years remaining - Subject to Lender's Qualification
  • 14 out of 24 Units Have High-End Finishes
  • In-Unit Washer/Dryer
  • Professionally Managed Since 2020

Listing Contacts

TL
CA 01840641

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$230,368.00
$19,197.33/mo

Valuation Metrics

0
DSCR
5.01%
Cap Rate
5.01%
ROI

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Additional Information

Name
Tai Le
License
01840641
Brokerage
Drexwell Commercial
Brokerage Phone
7605938710
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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