5756 Nina WAY Pending Save Request In-Person Tour Request Virtual Tour
Sacramento,CA 95824
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