$1,085,000
$1,099,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
10,406 Sqft Lot
SOLD DATE : 06/27/2023
Key Details
Sold Price $1,085,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 223043023
Sold Date 06/27/23
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1987
Lot Size 10,406 Sqft
Acres 0.2389
Property Sub-Type Quadruplex
Property Description
We are happy to present 3650 Hallelujah Court, a trophy 4 - unit apartment building located in the heart of Carmichael, California. The property has a great unit mix of two and three Bedrooms units total an average of 950 square feet. The property represents a truly unique opportunity to own a post 1980 construction apartment property in the heart of the Sacramento suburbs. Most of the immediate comparable properties were built in the 1960's and 1970's, giving Hallelujah Court an immediate advantage over competitors in terms of functionality and living space. In addition to the spacious units, residents get access to a large garage from the private driveway. A rental market survey in the immediate vicinity suggests that current rents are in excess of 30% under market. When the purchaser moves rents to market, proforma return metrics suggest a 6.5% Cap Rate. 3650 Hallelujah Court is walking distance to major grocery stores, national / regional banking branches, and 38 acre Carmichael Park. All tours must be scheduled through the Listing Agent. Please do not disturb residents or management.
Location
State CA
County Sacramento
Area 10608
Direction Heading West on I-80, take exit 100 toward Antelope Rd. Turn left onto Antelope Rd. Turn right onto Garden Gate Dr. Continue onto Purslane Way. Continue onto Van Maren Ln. Continue onto Dewey Dr. Turn right onto Madison Ave. Turn left onto Manzanita Ave. Continue onto Fair Oaks Blvd. Turn right onto Engle Rd. Turn left onto Hallelujah Ct.
Interior
Heating Central
Cooling Central
Flooring Carpet, Tile
Laundry In Each Unit
Exterior
Parking Features Garage
Utilities Available Natural Gas Connected, Electric
Water Access Desc Public
Roof Type Tile
Total Parking Spaces 4
Building
Lot Description Corner, Curb(s), Sidewalk
Story 2
Foundation Concrete
Sewer Public Sewer
Water Public
Architectural Style Other
Schools
Elementary Schools San Juan Unified
Middle Schools San Juan Unified
High Schools San Juan Unified
School District Sacramento
Others
Senior Community No
Tax ID 258-0180-063-0000
Special Listing Condition None
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