Las Fuentes Apartments | 3333 W St
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Las Fuentes Apartments 3333 W St
16 Unit Block of Flats £2,347,350 (£146,709/Unit) Sacramento, CA 95817
Investment Highlights
- 16 units plus 1 Studio - Apartment Building in Midtown Are, Below market rents - All Tenants are MTM for immediate increased NOI
- New Wall Furnaces, New Security and Decorative LED Lighting, New Garbage Disposals, Smoke and CO Detectors, New Paint and Schlage Key-less entries
- Prime location near University of California Davis Medical Center, Well-maintained property with attractive curb appeal, Spacious units
- New Roof and Gutters - Summer 2024, New Electrical and Panels, New Main Sewer Line, New Onsite Commercial Laundry that accepts PayRange App
- Computer Controlled Energy Efficient Commercial Water Heater, 10 Remotely accessed Exterior Security Cameras Intercom access security gates
- Strong 88% occupancy rate for immediate income **2 units currently being renovated, 12 On-site parking spaces, Proximity to amenities & transportation
Executive Summary
Nestled in the vibrant and sought-after Midtown area in the heart of Sacramento you'll find this quiet and peaceful 16 - unit (potentially 17'th unit- in planning review process) complex. This well-maintained turn-key opportunity consists of 12 - 1 Bedroom, 2 - 2 Bedroom, 2 - 3 Bedrooms at the moment, patiently awaiting the 17 Studio Unit addition with private parking in the back. Some recent major renovations done to put any investor as ease include a new roof and gutters, new electrical and panels, & new main sewer line. Other upgrades include onsite laundry with 2 New Commercial Washers and Dryers which accept quarters and PayRange App ($10k Value) & a modern computer controlled Energy-Efficient commercial water heater. New wall furnaces, security and decorative LED lighting, new garbage disposals, smoke and carbon detectors, new paint and Schlage keyless entries. For security and monitoring it has, 10 remotely accessed surveillance cameras throughout the exterior & Intercom access security gates in the front and rear. Walking into the private courtyard with tropical landscaping, accent lighting, beautiful and ornate statues and fountains will leave you breathless. Come take a look and add this superb investment to your portfolio!Nestled in the vibrant and sought-after Midtown area in the heart of Sacramento you'll find this quiet and peaceful 16-unit (potentially 17'th unit- in planning review process) complex. This well-maintained turn-key opportunity consists of 12 - 1 Bedroom, 2 - 2 Bedroom, and 2 - 3 Bedrooms, patiently awaiting the 17 Studio Unit addition with private parking in the back. Some recent major renovations done to put any investor at ease include a new roof and gutters, new electrical and panels, & new main sewer line. Other upgrades include onsite laundry with 2 New Commercial Washers and Dryers which accept quarters and PayRange App ($10k Value) & a modern computer-controlled Energy-Efficient commercial water heater. New wall furnaces, security and decorative LED lighting, new garbage disposals, smoke and carbon detectors, new paint and Schlage keyless entries. For security and monitoring it has, 10 remotely accessed surveillance cameras throughout the exterior & Intercom access security gates in the front and rear. Walking into the private courtyard with tropical landscaping, accent lighting, beautiful and ornate statues and fountains will leave you breathless. Come take a look and add this superb investment to your portfolio!
Property Facts
Price | £2,347,350 | Building Class | C |
Price Per Unit | £146,709 | Lot Size | 0.29 AC |
Sale Type | Investment | Building Size | 9,787 SF |
Sale Conditions | 1031 Exchange | Average Occupancy | 88% |
No. Units | 16 | Number of Floors | 2 |
Property Type | Residential | Year Built | 1955 |
Property Subtype | Apartment | Parking Ratio | 1.23/1,000 SF |
Apartment Style | Low Rise |
Price | £2,347,350 |
Price Per Unit | £146,709 |
Sale Type | Investment |
Sale Conditions | 1031 Exchange |
No. Units | 16 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.29 AC |
Building Size | 9,787 SF |
Average Occupancy | 88% |
Number of Floors | 2 |
Year Built | 1955 |
Parking Ratio | 1.23/1,000 SF |
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
Site Amenities
- Courtyard
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
1+1 | 12 | - | - |
2+1 | 2 | - | - |
3+2 | 2 | - | - |
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Walk Score ®
Very Walkable (81)
Bike Score ®
Biker's Paradise (98)
PROPERTY TAXES
Parcel Number | 010-0264-004 | Improvements Assessment | £734,868 |
Land Assessment | £331,263 | Total Assessment | £1,066,131 |
PROPERTY TAXES
Parcel Number
010-0264-004
Land Assessment
£331,263
Improvements Assessment
£734,868
Total Assessment
£1,066,131
zoning
Zoning Code | R4, Sacramento |
R4, Sacramento |
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Las Fuentes Apartments | 3333 W St
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