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7656 23rd St 2 Unit Apartment Building Offered at $767,756 CAD at a 5.63% Cap Rate Sacramento, CA 95832
INVESTMENT HIGHLIGHTS
- Remodeled Kitchen
- New Flooring
- Recently painted inside and outside
- Remodeled Bathrooms
- New Sliding Glass Doors
- Stucco Exterior
EXECUTIVE SUMMARY
Don’t miss out on this great Sacramento Off-Market duplex Opportunity for principals only. This duplex is the very popular floor plan that wraps around the corner, with one side being on 23rd Street and the other side being on Pierre Avenue (see pictures for floor plans) . The interiors of both units have recently been updated, including: New interior paint, New Carpet and Vinyl plank flooring, and new granite countertops in the kitchens. On the outside, the property features new garage doors, new sliding patio doors, new fencing, and exterior patio doors. All pictures were taken prior to the current tenants moving in.
Each unit is a 2-bedroom, 1-bath with one car garage and a spacious backyard. They are currently rented for $1845 each, which translates to an annual income of $44,280 with a very respectable GRM of 12.42. I have special financing lined up for whatever your needs are, including low-document loans.
Each unit is a 2-bedroom, 1-bath with one car garage and a spacious backyard. They are currently rented for $1845 each, which translates to an annual income of $44,280 with a very respectable GRM of 12.42. I have special financing lined up for whatever your needs are, including low-document loans.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Fireplace
- Heating
- Kitchen
- Carpet
- Yard
SITE AMENITIES
- Fenced Lot
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $2,575 CAD | 821 |
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7656 23rd St
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