Property Details
About this Property
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.
MLS Listing Information
MLS #
ME224100562
MLS Source
MetroList Services, Inc.
Interior Features
Flooring
Varies by Unit
Laundry
Coin Operated
Cooling
Window/Wall Unit
Heating
Wall Furnace
Exterior Features
Roof
Shingle
Foundation
Raised
Parking, School, and Other Information
Garage/Parking
Off-Street Parking, Street, Garage: 0 Car(s)
Sewer
Public Sewer
HOA Fee
$0
Complex Amenities
Community Security Gate
Zoning
Residential
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 10 | – |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 625 | 1 | 1/0 | $1,395 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
5756 Nina Way is a Residential Income in Sacramento, CA 95824. This 7,948 square foot property sits on a 0.263 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,475,000 and was built in –. This address can also be written as 5756 Nina Way, Sacramento, CA 95824.
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This listing information is up-to-date as of December 20, 2024. For the most current information, please contact David DeLoney, (916) 832-8571
