CA > Sacramento
Sacramento, CA 95824,5756 Nina WAY
Sacramento, CA 95824,5756 Nina WAY
Sacramento, CA 95824,5756 Nina WAY
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Kristi Ghent

Kristi Ghent

+1(916) 759-1084
$1,695,000
Est. payment /mo
7,948 SqFt
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UPDATED:

11/05/2024 08:46 PM

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Pending

Purchase Type For Sale

Square Footage 7,948 sqft

Price per Sqft $213

MLS Listing ID 224100562

HOA Y/N No

Originating Board MLS Metrolist

Year Built 1962

Lot Size 0.263 Acres

Acres 0.2633

Property Description

The DeLoney Group of Marcus & Millichap is 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. Residents 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. The next investor will have a clear strategy to continue the renovations on the remaining units and bring rents up to neighborhood level. The property is a short short drive 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.

Location

State CA

County Sacramento

Area 10824

Direction From CA 99 freeway, turn east on Fruitridge Rd, right on stockton blvd, right on southwest ave, and right on Nina way. Property is on west side of the street.

Interior

Heating Wall Furnace

Cooling Wall Unit(s)

Flooring Varies by Unit

Laundry Coin Operated, Washer/Dryer Leased, In Common Area

Exterior

Garage Open, Street

Utilities Available Electric

Water Access Desc Meter on Site

Roof Type Shingle

Total Parking Spaces 10

Building

Lot Description Sidewalk

Story 2

Foundation Raised

Sewer Public Sewer

Water Meter on Site

Schools

Elementary Schools Sacramento Unified

Middle Schools Sacramento Unified

High Schools Sacramento Unified

School District Sacramento

Others

Senior Community No

Tax ID 026-0251-016-0000

Special Listing Condition None

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MetroList® Services, Inc (RESO)
Listed by Marcus & Millichap Real Estate
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5756 Nina WAY