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Additional details
$5,295,000
Est. payment /mo
1.28 Acres Lot
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41089843
HOA Y/N No
Year Built 1963
Lot Size 1.276 Acres
Property Sub-Type Apartment
Property Description
6.05% CAP and 10.77 GRM Day one! 2601 Carmichael offers oversized one- and two-bedroom units, each with an in-suite washer and dryer, ranging from approximately 1,090 to 1,490 square feet. Residents enjoy at least one large private patio or balcony, and a secured swimming pool enhances tenant appeal. With one of the region's lowest vacancy rates, Carmichael remains a strong rental market. The new owner can implement a Ratio Utility Billing System (RUBS) to allocate utility costs, typically adding $25-$100 per unit in additional revenue. These improvements will boost cash flow and add value to the complex by implementing the RUBS to those units not already included. The Hause Apartments attracts quality tenants due to its prime location, proximity to a good school district, and being minutes from the American River. Don't miss this rare investment opportunity in Carmichael!
Location
State CA
County Sacramento
Interior
Heating Forced Air
Fireplace No
Appliance Dryer, Washer
Exterior
Total Parking Spaces 37
Building
Water Other
Others
Tax ID 27301910170000
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Listed by Willem Bos • COMPASS
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