Rio Terrace Apartments 2811 F St 29 Unit Apartment Building $8,201,030 CAD ($282,794 CAD/Unit) 5.90% Cap Rate Sacramento, CA 95816

Brittain Commercial is pleased to present the Rio Terrace Apartments, a 29-unit apartment complex located at 2811-2917 F Street in Sacramento, California.

Find a charming multifamily community with easy freeway access, on-site laundry, resident parking, and modernized interiors at the Rio Terrance Apartments. The property has been owned and operated by the same family for over 31 years and is currently managed by one of the partners. The majority of units are rented below market value and offer new owners tremendous upside potential. The current ownership has achieved market rents on a select few units that have been renovated. There are three garages, three covered spaces, six gated spaces, and five open off-street parking spaces that generate additional revenue. There is an additional opportunity to implement common area maintenance fees to increase revenue.

Situated in the highly desirable McKinley Park, a historically significant park that originated in 1871, and adding to the surrounding areas Walk Score of 86. Residents are near Sutter's Fort State Historical Park, Sutter Medical, Temple Coffee, Sacramento Food Co-op, the local Light Rail system, Downtown Sacramento, CSUS, and more. This property's location is right in the heart of the action, steps away from eclectic dining, live music, art, and everything that makes Midtown one of Sacramento’s most sought-after places to live, with easy freeway access.

As Sacramento continues to experience rapid population growth and rising property values, the Rio Terrace Apartments offer an exceptional investment opportunity to capitalize on the region’s ongoing economic expansion.