3609 Myrtle Ave North Highlands, CA 95660-5200

This exceptional 26-unit apartment building in North Highlands, CA presents a compelling value-add opportunity. The property, situated on 1.24 acres, comprises two two-story buildings constructed in 1989. All 26 units boast a rare and desirable 2-bedroom, 2-bathroom layout, averaging 900 square feet each, and include washer/dryer hookups. The property's strong pro-forma cap rate of 6.33% is further enhanced by the potential for increased net operating income (NOI) through loss-to-lease capture and the implementation of RUBS (rent utility billing system). The convenient location near American River College, Walmart Supercenter, McClellan Industrial Park and Airport, Mercy San Juan Medical Center, and major freeways (I-80 and Capital City Freeway) provides excellent access to employment centers, shopping, and entertainment throughout Sacramento, including Roseville, Arden, Downtown, Natomas, and Sacramento International Airport. The property is zoned RD-20 and features a designated carport. With a total net rentable area of 24,336 square feet, the asking price is $4,679,947, translating to $192 per square foot and $179,999 per unit. This property offers a unique blend of strong current performance and significant upside potential for a savvy investor. The APN is 228-0251-026.