2230 Sutterville RD, Sacramento, CA 95822
2230 Sutterville RD, Sacramento, CA 95822
2230 Sutterville RD, Sacramento, CA 95822
13
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$2,295,000
Est. payment /mo
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8,275 SqFt
Pending

2230 Sutterville RD Sacramento, CA 95822

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C Ray Brower

C Ray Brower

+1(209) 418-0238

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Pending

Purchase Type For Sale

Square Footage 8,275 sqft

Price per Sqft $277

MLS Listing ID 226006314

HOA Y/N No

Year Built 1939

Lot Size 0.320 Acres

Acres 0.32

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

Sutterville Apartments is a well-maintained 15-unit multifamily investment offering exceptional value-add potential in an irreplaceable Sacramento location. The property features an attractive unit mix of (5) studios, (9) one-bedroom/one-bath units, and (1) two-bedroom/one-bath unita combination consistently in high demand among renters and supportive of minimal vacancy. With rents currently below market, a new owner has the opportunity to realize significant income upside through modest operational and management improvements, without the need for major capital expenditures. Upon stabilization, the property is projected to deliver a 10% cash-on-cash return, making Sutterville Apartments a compelling investment in one of Sacramento's most desirable infill corridors. Sacramento's housing pipeline has slowed considerably, with projected inventory growth of just 1.1% in 2025, even as employment gains and new household formation continue to accelerate. Sutterville Apartments offers investors the opportunity to acquire a well-maintained asset at a meaningful discount to replacement cost, precisely as interest rates begin to decline. Favorable market dynamics are creating positive leverage scenarios, where available financing supports cash-on-cash returns well above recent historical levels.

Location

State CA

County Sacramento

Area 10822

Direction Directly across from Sacramento City College. Between the cross streets of Freeport Blvd and 24th St.

Rooms

Other Rooms Unit-1 Approx SqFt: 550 Bedrooms: 1 Full Baths: 1 Occupancy: Tenant Rent: 1250 SqFt Source: Owner Unit-2 Bedrooms: 1 Full Baths: 1

Basement Storage Area

Interior

Heating Wall Furnace

Cooling Wall Unit(s)

Flooring Laminate, Vinyl, Luxury Vinyl Plank

Laundry Washer/Dryer Leased, In Common Area

Exterior

Parking Features Open

Utilities Available Sewer Connected, City, Electric

Water Access Desc Public

Total Parking Spaces 15

Building

Lot Description Shape Regular

Foundation Raised

Sewer Public Sewer

Water Public

Schools

Elementary Schools Sacramento Unified

Middle Schools Sacramento Unified

High Schools Sacramento Unified

School District Sacramento

Others

Senior Community No

Tax ID 018-0021-007-000

Special Listing Condition Offer As Is

MetroList® Services, Inc
Listed by ALIVE Commercial Real Estate

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I’ve had the pleasure of knowing C Ray now for years in both professional and personal relationships. C Ray has always exhibited a positive, professional outlook in all of our interactions, in a variety of situations. His ability to listen to our needs and wants, compare that with opportunities available on the market and show us appropriate properties, in our price range that met our vision. We are extremely excited about the home we chose and even though there were some challenges, both personal and professional in each of our lives, he stayed engaged with all parties and we closed the deal on time. You won’t go wrong if you partner with C Ray in the pursuit of finding your new home. His life experience and desire to fulfill your needs are always his first priority

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C Ray Brower

C Ray Brower

Broker Associate License ID: 01969248

+1(209) 418-0238

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2230 Sutterville RD