Address
5756 Nina Way, Sacramento, CA
Price
$ 1,725,000
Property Attributes
- MLS#224054171
- TypeIncome
- CountySACRAMENTO
- CitySacramento
- AreaSacramento
- Zip95824
- Style5 or More Units
- Price$ 1,725,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.2633 Acres
Data Source:
MetroList MLS
Property Description
We are pleased to present 5756-5760 Nina Way Apartments, a captivating 12-unit apartment community located in Sacramento, California. The community features 1 studio unit with 425 rentable square feet, 7 one-bedroom/one-bathroom units with 625 rentable square feet, and 4 two-bedroom/one-bathroom units with 775 rentable square feet. The purchaser of this community will enjoy a favorable and diverse unit mix with an immediate value-add component and rental upside potential. Tenants have the benefit of off-street parking, a spacious onsite laundry room with personal storage lockers, and convenient access to several shopping centers nearby. The market comparable suggest a 25% loss-to-lease upside thesis with moderate turn quality upgrades. There are two units currently vacant and slated for renovation which would allow a purchaser to capture some of the immediate upside potential in addition to raising rents on existing residents. The property is not far from Ca-Hwy 99, allowing residents to enjoy seamless connectivity to Sacramento's bustling Midtown/Downtown, unlocking a world of employment opportunities and entertainment options.
| Price History | |
|---|---|
| 5/20/2024 | Listed $1,725,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Wall Furnace |
| Cooling | Wall Unit(s),Window Unit(s) |
| Utilities | City |
| Roof | Composition |
| Garage Spaces | 0.0 |
| Patio/Porch Features | Covered Deck |
| Construction Materials | Stucco,Wood |
| Year Built | 1962 |
| Levels | Two |
| Property SubType | 5 or More Units |
| County | Sacramento |
| Property Type | ResidentialIncome |
| HOA / Comm Assn | No |
| Close Price | 0.0 |
| Status | Active |
| Directions | Head south on Stockton Blvd,turn west onto Southwest Ave,turn north on Nina Way. Property is on your left. |
| City | Sacramento |
| Buyer Agent Compensation | 2 |
| High School District | Sacramento Unified |
| Zoning Description | residential |
| Open Parking Spaces | 12.0 |
| NumberOfUnitsTotal | 12 |
| MLS Area | 10824 |
| Lot Size Square Feet | 11470.0 |
| Carport Spaces | 0.0 |
| Street Name | Nina Way |
| Ok to Lease | Month To Month |
| Standard Status | Active |
| Middle/Junior School District | Sacramento Unified |
| Elementary School District | Sacramento Unified |
| Year Built Source | Assessor Agent-Fill |
| Buyer Agent Compensation Type | Percent |
Interior Features
| Flooring | Carpet,Vinyl,Linoleum |
|---|---|
| Total Stories | 2 |
| Unit 1 Full Baths | 1 |
| Unit1Bedrooms | 1 |
| Laundry Features | In Common Area |
| Unit 1 Bedroom Units Total | 7 |
| Unit 2 Bedroom Units Total | 4 |
| UnitTypeStudioUnitsTotal | 1 |
Exterior Features
| Parking Features | Off Street,Street |
|---|---|
| Lot Features | Curbs/Gutters,Sidewalk |
| Water Source | Meter on Site |
| Total Parking | 12.0 |
| Foundation Details | Raised |
| Number of Buildings | 1 |
| Lot Size Acres | 0.2633 |
| Lot Size Source | Not Verified |
| Covered Spaces | 0.0 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 95824
Price
Visits
Year Built
All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data maintained by MetroList© may not reflect all real estate activity in the market.
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MetroList CA data last updated: June 16, 2024 5:55 PM UTC 