3732-3736 Astoria St 7 Unit Apartment Building $1,771,423 CAD ($253,060 CAD/Unit) 5.01% Cap Rate Sacramento, CA 95838

Marcus & Millichap is pleased to present as exclusive listing agent, a fee simple interest in 3732 - 3736 Astoria St in Sacramento, California. This seven-unit apartment community features a diverse unit mix with 1, 2, and 3 bedroom floorplans, suitable for each and every resident's circumstances. This property is conveniently located just two blocks away from HWY-80, providing residents immediate access to Midtown / Downtown Sacramento, the region's employment and entertainment hub, as well as the Greater Sacramento MSA. Just a short drive across Roseville road, residents are delighted to have access to the Haggin Oaks Golf Complex, featuring two championship golf courses and a lighted driving range. A private entrance into this community is accompanied by covered off-street parking for each resident, ensuring a comforting feeling of coming home.
This opportunity offers an investor the chance to acquire a 2007-built, cash-flowing property right from day one. The strategic next steps for the buyer would include completing light upgrades to the remaining five units, which could help close the current 8.8% loss-to-lease gap. By implementing aggressive management practices, there's potential to significantly increase the property's income and overall value.
All tours must be scheduled through listing agents. Please do not disturb residents or management.