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2631 29th Ave 7 units
2621-2631 29th Ave,
Sacramento, CA 95820
SOLD!! $1,049,000
$1,149,000
Offering Price
12.60
GRM
$164,143
Price Per Unit
7
Number of Units
5.45%
Cap Rate
6,650
Building SF
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$1,149,000
Offering Price
12.60
GRM
$164,143
Price Per Unit
7
Number of Units
5.45%
Cap Rate
6,650
Building SF
Investment Summary
2621-2631 29th Ave is a 7 unit garden-style apartment community located on a .83 acre parcel. The property is comprised of 3 duplex's and a single family dwelling, 4 structures in total. All units are 2 Bedroom 1 Bathroom, approximately 950 sq. ft Each unit comes with Central Heat and Air. A comp shingle roof was placed on each structure within the last 10 years. The property has been owned and operated by the same owner for 22 years, and has maintained the same tenants for the last two years. There are 20 newly paved parking spaces and four newly built storage units that can provide additional streams of income. Tenants Don't Know Property is For Sale.
Location Summary
Located off Highway 99, 2631 29th Ave is 10 minutes from downtown Sacramento. With easy access to and from the freeway as well as nearby shopping and schools, 29th Ave is a great place for young professionals to families of all ages. The spacious grounds allow tenants their privacy as well as a chance to enjoy the professionally landscaped grounds throughout the property. Mature trees and rose-lined walkways provide a serene escape from the day to day grind.
2621-2631 29th Ave is a 7 unit garden-style apartment community located on a .83 acre parcel. The property is comprised of 3 duplex's and a single family dwelling, 4 structures in total. All units are 2 Bedroom 1 Bathroom, approximately 950 sq. ft Each unit comes with Central Heat and Air. A comp shingle roof was placed on each structure within the last 10 years. The property has been owned and operated by the same owner for 22 years, and has maintained the same tenants for the last two years. There are 20 newly paved parking spaces and four newly built storage units that can provide additional streams of income. Tenants Don't Know Property is For Sale.
FOR MORE DETAILS CONTACT
Timothy Swanston
Senior Vice President
(916) 541-3630
Swanston@ncc1031.com
01887506
Philip McDaniel
Senior Associate
(707) 867-5851
mcdaniel@ncc1031.com
02079234
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