For Sale
$2,400,000

6201 Martin Luther King Jr BlvdSacramento, CA 95824

16-Unit Apartment Building, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 16-unit apartment building, located at 6201 Martin Luther King Jr. Blvd in Sacramento, California, presents a compelling investment opportunity. Built in 1958 and extensively renovated in 2010, the property boasts 10,256 square feet across two stories, situated on a 0.47-acre lot. The building offers a strong current NOI of $155,427, translating to a 6.48% cap rate, and a pro-forma cap rate of 6.48%. The asking price is $2,400,000, or $150,000 per unit, representing a price per square foot of $234. Ample parking is available with 18 spaces on-site. The property is zoned RD-30 and features a convenient Sacramento location, with the address being 6201 Martin Luther King Jr Blvd, Sacramento, CA 95824. The Assessor's Parcel Number (APN) is 037-0181-009-0000. This well-maintained multifamily property offers a solid return on investment and significant potential for future growth within a thriving market. The property's strong performance and desirable location make it an ideal addition to any investment portfolio. Serious inquiries are encouraged.

Highlights

  • 16-unit apartment building in Sacramento, CA.
  • 10,256 square feet on a 0.47-acre lot.
  • $2,400,000 asking price ($150,000/unit, $234/SF).
  • Strong NOI of $155,427 and a 6.48% cap rate.
  • 18 on-site parking spaces.
  • RD-30 zoning.

Property Details for 6201 Martin Luther King Jr Blvd

Property type
Apartment buildings
Square Feet
10,256 SF
Year Built/Renovated
1958/2010
Stories
2
Lot Size (sq. ft)
20,473 SF
Units
16

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.513758
Longitude
-121.4642983
6201 Martin Luther King Jr Blvd, Sacramento, California

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6201 Martin Luther King Jr Blvd
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