2618 Forrest ST Active Save Request In-Person Tour Request Virtual Tour
Sacramento,CA 95815
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,800 sqft
Price per Sqft $196
MLS Listing ID 225054351
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1946
Lot Size 0.940 Acres
Acres 0.94
Property Sub-Type 5 or More Units
Property Description
Forrest Street Apartments, a five-unit apartment community located in Old North Sacramento. Forrest Street Apartments represents a value-add opportunity to acquire a multifamily asset in an expanding Old North Sacramento submarket. While the complex has been owner-operated, the property has a rental upside through the completion of higher end renovations, and provides room for rental growth upwards of few hundred dollars per month per unit on average. The single level property sits on a spacious lot that is just short of an acre and is made up of three separate buildings with dual pane windows consisting of two duplexes and a cottage house. There are four two- bedroom/ one- bath units approximately 800 square feet with single car garages and a one- bedroom/ one- bath cottage house approximately 600 square feet. All units have been upgraded in various ways throughout the current ownership including replacement of HVAC/ mini split units (select units), water heaters (select units), and laminate flooring (select units).
Location
State CA
County Sacramento
Area 10815
Direction Follow US-50 W and I-80BL E to Arden Wy in Sacramento. Take exit 9B from I-80BL E, Continue on Arden Wy. Take Evergreen St and Eleanor Ave to Forrest St
Interior
Heating Wall Furnace,Varies by Unit
Cooling Central,Wall Unit(s),Varies by Unit
Flooring Varies by Unit
Laundry In Each Unit
Exterior
Parking Features Open,Garage
Utilities Available Natural Gas Connected,City,Electric
Water Access Desc Public
Building
Lot Description None
Story 1
Foundation Raised
Sewer Public Sewer
Water Public
Schools
Elementary Schools Twin Rivers Unified
Middle Schools Twin Rivers Unified
High Schools Twin Rivers Unified
School District Sacramento
Others
Senior Community No
Tax ID 263-0163-028
Special Listing Condition None