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
Year Built 1962
Lot Size 0.263 Acres
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
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
Roof Type Shingle
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
Special Listing Condition None