The Nelly - 100% Leased 10 Unit Multifamily Investment
About This Property
Marketing description
PDF powered by eXp Commercial is pleased to present the opportunity
to acquire 3000 T Street, a newly completed adaptive reuse multifamily
asset consisting of ten fully leased residential units strategically positioned
between Midtown and East Sacramento.
Originally an office property, the asset recently underwent a comprehensive
office to residential conversion designed to meet the growing demand for
modern urban housing within Sacramento’s core infill neighborhoods. The
extensive repositioning included substantial upgrades and modernization
to major building systems, including MEP infrastructure, roof improvements,
interior finishes, accessibility components, and contemporary residential
amenities. The result is a stabilized, low maintenance multifamily asset with
limited anticipated near term capital requirements.
The property is currently 100% occupied following lease up completion and
is being offered at a 5.25% cap rate based on in place income. The unit mix
was intentionally designed to appeal to a broad tenant demographic seeking proximity to
Midtown Sacramento, East Sacramento, Downtown Sacramento, UC Davis Medical Center, and
major regional employment hubs.
Located within one of Sacramento’s most desirable urban corridors, the property benefits
from exceptional accessibility to Highway 50, Business 80, Downtown Sacramento, and the
broader metropolitan region. The surrounding area continues to experience substantial public
and private investment driven by healthcare expansion, government employment, urban
redevelopment initiatives, and long term population migration trends favoring Sacramento
over higher cost California coastal markets.
Further enhancing the long term positioning of the asset, the adjacent parcel directly north of
the subject property is currently progressing through the entitlement process for a proposed
28-unit, multi-family development. The future project is expected to contribute additional
residential density, neighborhood activation, and investment into the immediate area while
reinforcing the long term trajectory of the surrounding urban infill corridor.
3000 T Street presents investors with the opportunity to acquire a fully stabilized, newly
repositioned multifamily asset in one of Sacramento’s strongest long term growth corridors
with immediate in place income, minimal deferred maintenance exposure, and continued
upside tied to broader neighborhood redevelopment and regional population growth trends.
Investment highlights
Newly completed office to residential adaptive reuse conversion
delivering 10 multifamily units in Sacramento’s urban core
100% occupied following recent lease up completion
Stabilized in place income with a 5.25% cap rate
Extensive retrofitting and modernization completed throughout
the property
Low maintenance asset with limited anticipated near term
capital expenditures
Desirable mix of studio, one bedroom, and two bedroom units
Modern unit interiors featuring quartz counter tops, stainless
steel appliances, washer and dryer, hardwood flooring, and
double pane windows
Controlled access building with key fob entry
Walkable and bike friendly location between Midtown and East
Sacramento
Immediate access to Highway 50, Business 80, Downtown
Sacramento, and major employment corridors
Located near UC Davis Health, Sutter Health, Kaiser Permanente
Sacramento Medical Center, and the State of California
employment campuses
Benefiting from continued urban infill redevelopment and long
term Sacramento population growth trends
Adjacent parcel currently advancing through entitlement
process for proposed 28-unit, multi-family development
Positioned within one of Sacramento’s most supply constrained
and highly desirable urban neighborhoods
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