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    6601 44Th St Sacramento, CA 95823

    Sponsored
    For Sale
    Contact for pricing

    120-Unit Apartment Complex, Sacramento, CA

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 120-unit apartment building presents a compelling value-add investment opportunity in Sacramento, California. Situated on a 6.93-acre lot at 6601 44th Street, zip code 95823, this property comprises thirteen two-story buildings. Recent capital improvements significantly enhance its value and potential. These upgrades include brand new roofs across all thirteen buildings, stainless steel kitchen sinks in 40 units, upgraded electrical panels throughout, and new toilets and faucets in every unit. Further improvements include the installation of double-pane windows for superior insulation and energy efficiency, along with new window air conditioning units in all units. The property's convenient location offers residents easy access to schools, shopping centers, and Highway 99. The planned reopening of the on-site laundry room will provide added convenience for tenants and generate supplemental income. This multifamily complex presents a rare opportunity to acquire a well-located, significantly improved asset with substantial upside potential. The property is currently configured as a 120-unit apartment building, offering a strong foundation for future growth and profitability. This is a value-add investment, presenting a chance to increase returns through further enhancements and operational improvements. The property's size and location make it an attractive investment for experienced real estate investors seeking a strong return on investment in a desirable California market.

    Property Features for 6601 44Th St

    General Information

    Property type
    Multifamily properties
    Lot Size
    301,871 SF

    Building Details

    Buildings
    13
    Stories
    2
    Units
    120

    HighLights

    • 120‑unit apartment building value‑add opportunity in Sacramento, CA.
    • Property consists of 13 two‑story buildings on a 6.93‑acre lot.
    • Recent upgrades include new roofs, stainless steel sinks in 40 units, upgraded electrical panels, new toilets and faucets in all units, double‑pane windows, and new window AC units.
    • Convenient location near schools, shopping, and Highway 99.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.4543219369
    Latitude
    38.505916946989

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    FAQs

    What type of property is this?
    Multifamily property - 120-Unit Apartment Complex, Sacramento, CA
    Where is this multifamily property located?
    The property is located at 6601 44Th St Sacramento, CA.
    What are key features of this property?
    This property features: 120-unit apartment building value-add opportunity in Sacramento, CA.; Property consists of 13 two-story buildings on a 6.93-acre lot.; Recent upgrades include new roofs, stainless steel sinks in 40 units, upgraded electrical panels, new toilets and faucets in all units, double-pane windows, and new window AC units.
    Request Owner's contact information
    6601 44Th St Sacramento, CA 95823
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    Sacramento, CA 95823
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6601 44Th St Sacramento, CA 95823
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