5756 Nina Way
$1,695,000
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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...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.
- Listed by David DeLoney • DRE #02045150 • Marcus & Millichap Real Estate
Property Details for 5756 Nina Way
Parking Features
Open, Street
ZoningResidential
LISTING UPDATED: 09/09/2024 11:53 AM
Property Details for 5756 Nina Way
Status | Active |
---|---|
MLS # | 224100562 |
Days on Compass | 11 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / 5 or More Units |
Year Built | 1962 |
Lot Size | 0.26 AC / 11,469 SF |
County | Sacramento County |
Building Information for 5756 Nina Way
Stories2Residences12Year Built1962Building Size-Lot Size0.26 AC / 11,469 SF
Property Information for 5756 Nina Way
Property History for 5756 Nina Way
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5756 Nina Way
Taxable ValueLand$286,526Additions$1,199,165Total$1,485,691
Tax Record2023$16,965 ($1,414 / month)
Home Facts
Total Finished SqFt7,948 SqFtAbove Grade Finished SqFt7,948 SqFtStories2Lot Size11,470 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningRD-20CountySACRAMENTOAPN026-0251-016-0000
Schools near 5756 Nina Way
This home is within Sacramento City Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Ethel I. Baker Elementary School PublicK to 6 | ||
Will C. Wood Middle School Public7 to 8 | ||
Hiram W. Johnson High School Public9 to 12 | ||
West Campus Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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