6004 Martin Luther King Jr Blvd
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6004 Martin Luther King Jr Blvd
12 Unit Block of Flats £1,222,161 (£101,847/Unit) 7.01% Net Initial Yield Sacramento, CA 95824
Investment Highlights
- Three four unit buildings on premesis
- Current cap rate: 7.01; Pro-forma cap rate: 7.22
- Opportunity to institute RUBS Program
Executive Summary
ACRE proudly presents 6004 Martin Luther King Drive, a 12-unit multifamily property located in
Sacramento’s Parkway-South Sacramento neighborhood. Built in 1950, this property sits on a 15,975-
square-foot lot and features three four-unit buildings with a total of 4,297 square feet of rentable space.
The unit mix consists of 10 studios and 2 one-bedroom units, providing a diverse tenant base. Offered at
$1,549,000, this investment boasts a current cap rate of 7.01 with potential to increase to 7.22 by achieving
area market rents. Additionally, the property presents an opportunity to implement a RUBS program to
enhance cash flow and further increase returns by reducing operating expenses. The current GRM is 8.19,
with a pro-forma GRM of 7.82. With strong financials and potential for increased returns, 6004 Martin
Luther King Drive offers an attractive investment in a high-demand rental market.
Contact listing agent Ike Ekeh at 415.290.2713 for more details.
Sacramento’s Parkway-South Sacramento neighborhood. Built in 1950, this property sits on a 15,975-
square-foot lot and features three four-unit buildings with a total of 4,297 square feet of rentable space.
The unit mix consists of 10 studios and 2 one-bedroom units, providing a diverse tenant base. Offered at
$1,549,000, this investment boasts a current cap rate of 7.01 with potential to increase to 7.22 by achieving
area market rents. Additionally, the property presents an opportunity to implement a RUBS program to
enhance cash flow and further increase returns by reducing operating expenses. The current GRM is 8.19,
with a pro-forma GRM of 7.82. With strong financials and potential for increased returns, 6004 Martin
Luther King Drive offers an attractive investment in a high-demand rental market.
Contact listing agent Ike Ekeh at 415.290.2713 for more details.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | £1,222,161 | Apartment Style | Low Rise |
| Price Per Unit | £101,847 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.37 AC |
| Net Initial Yield | 7.01% | Building Size | 5,400 SF |
| Gross Rent Multiplier | 8.19 | Number of Floors | 2 |
| No. Units | 12 | Year Built/Renovated | 1950/2013 |
| Property Type | Residential | Parking Ratio | 2.22/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | £1,222,161 |
| Price Per Unit | £101,847 |
| Sale Type | Investment |
| Net Initial Yield | 7.01% |
| Gross Rent Multiplier | 8.19 |
| No. Units | 12 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 5,400 SF |
| Number of Floors | 2 |
| Year Built/Renovated | 1950/2013 |
| Parking Ratio | 2.22/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Stainless Steel Appliances
- Vinyl Flooring
- Window Coverings
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 10 | - | 358 |
| 1+1 | 2 | - | 358 |
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PROPERTY TAXES
| Parcel Number | 037-0011-011 | Improvements Assessment | £466,475 |
| Land Assessment | £158,425 | Total Assessment | £624,900 |
PROPERTY TAXES
Parcel Number
037-0011-011
Land Assessment
£158,425
Improvements Assessment
£466,475
Total Assessment
£624,900
zoning
| Zoning Code | RD20, County |
| RD20, County |
-
Bill Anderson -
ACRE Investment Real Estate Services
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6004 Martin Luther King Jr Blvd
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