Sacramento, CA 95822,2230 Sutterville RD
Sacramento, CA 95822,2230 Sutterville RD
Sacramento, CA 95822,2230 Sutterville RD
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Tue
20
Jan
Wed
21
Jan
Thu
22
Jan
Mike Bailey

Mike Bailey

+1(916) 622-5540
$2,400,000
Est. payment /mo
8,275 SqFt
Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 8,275 sqft

Price per Sqft $290

MLS Listing ID 226006314

HOA Y/N No

Year Built 1939

Lot Size 0.320 Acres

Acres 0.32

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

Sutterville Apartments is a well-maintained 15-unit multifamily investment offering exceptional value-add potential in an irreplaceable Sacramento location. The property features an attractive unit mix of (5) studios, (9) one-bedroom/one-bath units, and (1) two-bedroom/one-bath unita combination consistently in high demand among renters and supportive of minimal vacancy. With rents currently below market, a new owner has the opportunity to realize significant income upside through modest operational and management improvements, without the need for major capital expenditures. Upon stabilization, the property is projected to deliver north of a 7% cash-on-cash return, making Sutterville Apartments a compelling investment in one of Sacramento's most desirable infill corridors. Sacramento's housing pipeline has slowed considerably, with projected inventory growth of just 1.1% in 2025, even as employment gains and new household formation continue to accelerate. Sutterville Apartments offers investors the opportunity to acquire a well-maintained asset at a meaningful discount to replacement cost, precisely as interest rates begin to decline. Favorable market dynamics are creating positive leverage scenarios, where available financing supports cash-on-cash returns well above recent historical levels.

Location

State CA

County Sacramento

Area 10822

Direction .

Rooms

Other Rooms Unit-1 Approx SqFt: 550 Bedrooms: 1 Full Baths: 1 Occupancy: Tenant Rent: 1250 SqFt Source: Owner Unit-2 Bedrooms: 1 Full Baths: 1

Basement Storage Area

Interior

Heating Wall Furnace

Cooling Wall Unit(s)

Flooring Laminate, Vinyl, Luxury Vinyl Plank

Laundry Washer/Dryer Leased, In Common Area

Exterior

Parking Features Open

Utilities Available Sewer Connected, City, Electric

Water Access Desc Public

Total Parking Spaces 15

Building

Lot Description Shape Regular

Foundation Raised

Sewer Public Sewer

Water Public

Schools

Elementary Schools Sacramento Unified

Middle Schools Sacramento Unified

High Schools Sacramento Unified

School District Sacramento

Others

Senior Community No

Tax ID 018-0021-007-000

Special Listing Condition Offer As Is

Read Less Info
MetroList® Services, Inc
Listed by ALIVE Commercial Real Estate

GET MORE INFORMATION

Mike Bailey

Mike Bailey

+1(916) 622-5540

Agent | License ID: 01505985

Agent License ID: 01505985

Name

Phone*

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Realtor, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.