3740 may, Sacramento, CA 95838

$2,500,000
9
BD
3
Full Baths
1
Half Bath
3,300
SqFt
List Price
$2,500,000
MLS#
20069712
Status
ACTIVE
Bedrooms
9
Bathrooms
3.5
Living Sq. Ft
3,300
Type
Multifamily
Zip
95838
city
Sacramento

Property Description

BCRE's Davide Pio & Brian Baniqued are proud to present Grand Ave Villa. Grand Ave Villa is an 18 unit HUD master leased apartment that runs until mid-2022 with automatic annual increases. Throughout ownership, the landlord will receive substantial payments from HUD. Upside can be attained in multiple ways including by renegotiating the contract to include higher rents, complete remodel of all units as they are turned for an even higher rent schedule, or request to cancel the contract and return to market rents within one year of the agreement. Located in the Del Paso Heights neighborhood of Sacramento, the property is offered at an attractive price with multiple options for upside potential.

Additional Information

Tenant Pays
Cable, Electric
Land Area (Acres)
1.13
Year Built
1974
Number of Buildings
5
Number of Individual Units
18
Number of 1 Bedroom Units
4
Number of 2 Bedroom Units
8
Number of 3 Bedroom Units
6
Number Leasable
18
Furnished
None
Covered Parking Spots
0
Uncovered Parking Spots
0
Garages
0
Roof Description
Flat/Low Pitch
Amenities
None

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Baniqued Realty.

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All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2020 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .

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