Courtesy of: Khatchig Tazian | Tazian Associates, Inc.
Purchase Type: Sale
MLS ID: ML81828904
Year Build: 1958
Square Footage: 10,934 Sq ft
Lot size: 0.446
Property Type: Five or More Units
Area: Sacramento Land Park/Curtis Park
New Construction: No
Swimming Pool: No
Restrictions: Age - No Restrictions
Address: 4500 Stockton BLVD
Neighborhood: Sacramento Land Park/curtis Park
Property Taxes: $0
Tazian Associates Inc. is proud to offer for sale 4500 Stockton Apartments, a 16-unit multi-family community in Sacramento, California. The property consists of all one-bedroom/one-bath units with a new roof (3 yrs) , water heater, on-site laundry, security fence, and fully updated interiors in most of the units. 4500 Stockton Apartments was constructed in 1958, and offers prospective residents upgraded units in the heart of the Florin District. The buyer of the subject property will enjoy a property that is turn-key and free of issues while still having the opportunity to push rents in the hottest apartment market in the United States.Combined with steady employment growth and lack of new construction, particularly in the sub market, it is reasonable for the buyer to leverage low interest rates into a healthy cash-on-cash return that does not exist in other markets.