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7236 East Pkwy

Sacramento, CA 95823
  • $13,500,000
  • STATUS: Active
  • ON SITE: 66 Days
  • ID#: CC41015124
UPDATED: 28 min ago
$13,500,000
  • 0
    BEDS
  • 2.37
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Ratings & Info

Description

Parkway Townhomes in Sacramento allows an incoming investor to acquire the property free and clear of any lienholder encumbrances OR assume existing financing of $7,000,000 at 3.25% until May 2027 providing the investor with rare positive leverage in today's unique market. This 90-unit apartment has a variety of unit sizes and styles and consists of (9) studios, (9) small 1 bed / 1 bath, (27) large 1 bed / 1 bath, and (45) 2 bed / 1.5 baths w balconies. The building has 71 parking spaces, two (2) on-site laundry sites, a leasing office, and a central communal area including a large swimming pool. Many units have the opportunity to be updated cosmetically as well as functionally. Updating the HVAC with SMUD rebates could assist in lowering or removing the unit's landlord-provided gas, while efficient water fixtures would reduce water bills. On-site management restructuring would also provide for increased income with minimal investment as well as lowered landlord expenses. Located i

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© 2023 MLSListings Inc. Based on information from MLSListings MLS as of 2023-02-07T08:48:43.06. Data is updated hourly. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Strock Real Estate.

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7236 East Pkwy Sacramento, CA 95823

  • Price: $13,500,000
  • Status: Active
  • On Site: 66 Days
  • Updated: 28 min ago
  • ID#: CC41015124
0
Beds
0
Baths
0
½ Baths
2.37
Acres
1965
Built
Neighborhood:
Sacramento County
County:
Sacramento
Area:
Sacramento County
Property Description
Parkway Townhomes in Sacramento allows an incoming investor to acquire the property free and clear of any lienholder encumbrances OR assume existing financing of $7,000,000 at 3.25% until May 2027 providing the investor with rare positive leverage in today's unique market. This 90-unit apartment has a variety of unit sizes and styles and consists of (9) studios, (9) small 1 bed / 1 bath, (27) large 1 bed / 1 bath, and (45) 2 bed / 1.5 baths w balconies. The building has 71 parking spaces, two (2) on-site laundry sites, a leasing office, and a central communal area including a large swimming pool. Many units have the opportunity to be updated cosmetically as well as functionally. Updating the HVAC with SMUD rebates could assist in lowering or removing the unit's landlord-provided gas, while efficient water fixtures would reduce water bills. On-site management restructuring would also provide for increased income with minimal investment as well as lowered landlord expenses. Located i
Exterior Features

Exterior Stucco Garage Parking Off-Site Parking Lot Description Grade - Level Parking Spaces 71 Pool Pool - In Ground Roof Other Units In Complex Max 90

Interior Features

Cooling Other Flooring Other Heating Forced Air Laundry Laundry Facility - Coin-OpCommunity FacilityDryerIn Laundry RoomWasher/Dryer - LeasedWasher Max Building Height 3 Min Building Height 1 Structure Sq Ft 86778

Property Features

Additional Listing Info Not Applicable Amenities Balcony/PatioStorage Area(S) City Name Sacramento Cross Street Circle Parkway Hoa Amenities Community Pool Lot Size Area Maximum 103237.00 Meters Separate Electric Sewer Septic Sewer - Public Water Heater - GasPublic

© 2023 MLSListings Inc. All rights reserved. Listing provided courtesy of Davide Pio of Bcre: (510) 815-2000.


© 2023 MLSListings Inc. Based on information from MLSListings MLS as of 2023-02-07T08:48:43.06. Data is updated hourly. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Strock Real Estate.

Licensed in the State of California.
Website powered by BoomTown.
 
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