3441-3445 Altos Avenue
About This Property
Marketing description
Colliers is pleased to present 3441–3445 Altos Avenue, an (8) unit investment opportunity that sits in a neighborhood surrounded by single family homes. A paired offering of two buildings on two separate parcels delivering flexibility to any investor when it comes to a future resale.
The subject properties were built in 1973 and consist of (8) 1-bedroom/1-bath units totaling 3,960 sqft. Of rentable living space. Rents range from $805-$1,250 and a combined total of $7,805. Current market rents are around $1,250, giving a strong upside potential through rental increases to a combined $10,000. Offering a clear value-add opportunity.
With quick access to Downtown Sacramento, interstate 80 and major employment corridors including Arden-Arcade and Natomas. 3441-3445 Altos Avenue represents an investment opportunity with real upside.
Investment highlights
- Single Story construction
- No decks or balconies, SB721 compliant
- 15%-20% Upside in rents
- Clear and executable value-add strategy
- Separate parcels
- Submarket Average Occupancy of 95.7%
- Surrounded by single family homes
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