West Sacramento, CA 95691,617 Maple ST
West Sacramento, CA 95691,617 Maple ST
West Sacramento, CA 95691,617 Maple ST
West Sacramento, CA 95691,617 Maple ST
West Sacramento, CA 95691,617 Maple ST
West Sacramento, CA 95691,617 Maple ST
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$1,875,000

$1,900,000

1.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

0.27 Acres Lot


SOLD DATE : 09/09/2021

Key Details

Sold Price $1,875,000

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 221062992

Sold Date 09/09/21

HOA Y/N No

Originating Board MLS Metrolist

Year Built 1959

Lot Size 0.270 Acres

Acres 0.27

Property Description

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.

Location

State CA

County Yolo

Area 10691

Direction Go west on W Capitol Ave and make a right on Maple St.

Interior

Heating Wall Furnace

Cooling Wall Unit(s)

Flooring Tile

Window Features Dual Pane Full

Laundry Washer/Dryer Leased

Exterior

Exterior Feature Fenced Yard, Yard Space, Play Area

Garage Off Street

Utilities Available Natural Gas Connected, Cable Available, Internet Available

Water Access Desc Water District

Roof Type Shingle

Total Parking Spaces 16

Building

Lot Description Other

Story 1

Foundation Concrete, Slab

Sewer Public Sewer

Water Water District

Schools

Elementary Schools Washington Unified

Middle Schools Washington Unified

High Schools Washington Unified

School District Yolo

Others

Senior Community No

Tax ID 008-132-035-000

Special Listing Condition None

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MetroList® Services, Inc (RESO)
Listed by Luis Mejia, Broker
Bought with Arriaga Real Estate

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Aaron And Laura Ralls

Realtors | Lic# 01985645

+1(916) 813-0226

2603 Camino Ramon # 200, Ramon, CA, 94583

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