5756 Nina Way Sacramento, CA 95824
We are 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. Tenants 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. There are two units currently vacant and slated for renovation which would allow a purchaser to capture some of the immediate upside potential in addition to raising rents on existing residents. The property is not far 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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountySacramento
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site13 Days
- MLS StatusActive
- MLS ID Number224054171
- Home Size Source N/A
- Year Built1962
- Lot Size0.2633 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Stucco
- Parking Off StreetStreet
- Parking Spaces 12
- Sewer Public Sewer
- Number of Stories 022
- Acreage 0.2633
- Zoning residential
- Cross Street Southwest Ave.
- Property Sub Type Multi Family
- Garage Spaces 0
- Foundation Raised
Interior Features
- Cooling Wall Unit(s)Window Unit(s)
- Heating Wall Furnace
- Flooring CarpetVinylLinoleum
- Laundry Features In Common Area
Exterior Features
- Roof Composition
- Lot Curbs/ GuttersSidewalk
- Patio And Porch Covered Deck
Community Features
- Association Dues 0
- MLS Area 10824