Las Fuentes Apartments

3333 W Street Sacramento, CA 95817

3333 W Street, Sacramento, CA, 95817
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$3,000,000
Last Verified:
Nov 26, 2024

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Highlights

  • 16 units plus 1 Studio - Apartment Building in Midtown Area
  • New Roof and Gutters - Summer 2024
  • New Electrical and Panels
  • New Main Sewer Line
  • New Onsite Commercial Laundry that accepts PayRange App
  • Computer Controlled Energy Efficient Commercial Water Heater
  • New Wall Furnaces
  • New Security and Decorative LED Lighting
  • New Garbage Disposals, Smoke and CO Detectors
  • New Paint and Schlage Key-less entries
  • 10 Remotely accessed Exterior Security Cameras
  • Intercom access security gates both front and rear
  • Built in 1955, offering a classic aesthetic
  • Zoned R-4
  • Prime location near University of California Davis Medical Center
  • Strong 88% occupancy rate for immediate income **2 units currently being renovated
  • Well-maintained property with attractive curb appeal
  • Spacious units providing comfortable living spaces
  • 12 On-site parking spaces
  • Close proximity to amenities and public transportation
  • Below market rents - All Tenants are MTM for immediate increased NOI

Description

Nestled in the vibrant and sought-after Midtown area in the heart of Sacramento you'll find this quiet and peaceful 16-unit (potentially 17'th unit- in planning review process) complex. This well-maintained turn-key opportunity consists of 12 - 1 Bedroom, 2 - 2 Bedroom, and 2 - 3 Bedrooms, patiently awaiting the 17 Studio Unit addition with private parking in the back. Some recent major renovations done to put any investor at ease include a new roof and gutters, new electrical and panels, & new main sewer line. Other upgrades include onsite laundry with 2 New Commercial Washers and Dryers which accept quarters and PayRange App ($10k Value) & a modern computer-controlled Energy-Efficient commercial water heater. New wall furnaces, security and decorative LED lighting, new garbage disposals, smoke and carbon detectors, new paint and Schlage keyless entries. For security and monitoring it has, 10 remotely accessed surveillance cameras throughout the exterior & Intercom access security gates in the front and rear. Walking into the private courtyard with tropical landscaping, accent lighting, beautiful and ornate statues and fountains will leave you breathless. Come take a look and add this superb investment to your portfolio!

Discover the vibrant neighborhood surrounding Las Fuentes Apartments in Sacramento, CA. Enjoy easy access to the scenic William Land Park, renowned for its golf course, gardens, and Sacramento Zoo. Immerse yourself in the local culture at the nearby University of California, Davis Medical Center, while also relishing the diverse dining options and retail shops in the thriving downtown area. With convenient proximity to major highways and public transportation, this bustling neighborhood provides an ideal setting for residents seeking a dynamic and connected community. Experience the best of vibrant city living at Las Fuentes Apartments.


Year Built: 1955
Building Size: 13690sq ft
Building Class: C
Lot Size: 0.29 acres


Documents

SVN - 3333 W St OM

Map of 3333 W Street, Sacramento, CA, 95817

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.