Sold
613 617 Maple Street
West Sacramento CA, 95691
$1,875,000
$159.43 per sqft
Sold
1 Bed
1 Bath
11,761 sqft
Multi-family
Built in 1959
613-617 Maple Street in West Sacramento, California are two single story buildings each comprising of eight (8) one-bedroom/one- bathroom units at approximately 410 square feet. The buildings were built in 1959 and feature pitched composite shingle roofs, stucco exteriors, and dual pane windows. In the last five to seven years, 93% of interiors were upgraded, exterior upgrades included new paint, and dual pane windows. Units feature tile flooring throughout, granite countertops, upgraded kitchen cabinets, baths, and wall heat & air. Currently, the rents are well below market however with a modest six percent rent increase in year one would increase the Cap Rate to 6.32% and Cash- on-Cash to 7.72%. This is a stable asset with low maintenance interior features that is well located in path of new development near Downtown/Midtown Sacramento. A new investor has the opportunity to purchase an asset with rental upside potential in year one within a supply constraint market.
221062992
MLSⓇ ID
March 9, 2024
Updated
Map
613 617 Maple Street
West Sacramento CA, 95691
Interior Features
Total Stories
1
Bedrooms
1
Total Bathrooms
1
Interior Features
Tile
Floor Description
Tile
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.27 Acres
Roof
Shingle
Sewer
Public Sewer
School Information
School District
Washington Unified
Other Property Details
Area Name
10691
Garage
No
Parking Total
16
View
No
County
Yolo
Pool
No
Zoning
Multifamily
Buyer Agency Compensation
1.5%
Courtesy of Luis Mejia, Broker, Luis Mejia,
Listing Contact:
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