Madrone Ave West Sacramento, CA 95691
- Residential income homes
- 32,566 SF
Current Use by Public Records
- Residential income homes
Property Details for 0 Madrone Ave
- Year built
- 1951
- Property size
- 32,566 SF
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a portfolio of nineteen duplex properties, totaling 38 units, situated in the thriving West Sacramento, CA market (95691). The portfolio boasts a total of 32,566 square feet of net rentable space, currently achieving 100% occupancy. Each unit features two bedrooms and one bathroom, with an average size of 849 square feet, including a 231 square foot one-car garage and fenced backyard. Built in 1951, these well-maintained properties are situated on level lots and are zoned R1A or R-2. The portfolio is offered at $10,495,000, representing a price per unit of $276,184.21 and a price per square foot of $322.27. The current stabilized cap rate is 4.95%, yielding a net operating income (NOI) of $519,525. This represents a compelling investment opportunity in a rapidly growing area, offering proximity to downtown Sacramento, the Bridge District's dining and entertainment, excellent schools, and easy access to major highways. The properties are priced below appraised value, making this a particularly attractive acquisition. The asking price is net to the seller.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- West Sacramento
- County
- Yolo
- State
- California
- Longitude
- -121.531
- Latitude
- 38.5815
