false

2635 Fairfield Street, Sacramento, California, United States, 95815

3,136,000
for Sale
52,708

About the property:

2635 Fairfield Street, Sacramento, CA, presents an exceptional, high-yield acquisition for savvy investors seeking substantial upside. This 45-unit apartment complex is offered as-is, presenting a classic value-add play with clear pathways to long-term wealth generation through strategic positioning and property stabilization. The property features significantly below-market rents with the ability for immediate rent adjustments. At just under $67,500 per door, this asset offers immediate cash-flow stabilization, rent optimization, and physical development expansion in the growing Sacramento market, allowing the next owner to capture significant upside. By addressing deferred maintenance and executing a targeted renovation program, a new owner can systematically increase rents to prevailing market rates, significantly boosting Net Operating Income (NOI) and driving capital appreciation. Desirable Unit Mix & Layouts: The complex features a uniform asset profile consisting of all 1-bedroom, 1-bathroom units. Each apartment offers comfortable living space, full-sized kitchens, and generous walk-in closets for excellent tenant storage. Community Amenities & Asset Features: The property features a laundry facility equipped with brand-new washers and dryers, creating an immediate auxiliary revenue stream. Additional amenities include ample on-site parking and dedicated outdoor space suitable for a community playground or picnic area. Rare Expansion Opportunity- 9,000 SQ FT Development Pad: In addition to the existing 45 units, the site includes an approximately 9,000-square-foot development pad. This versatile land provides the opportunity to build an additional residential building to scale the portfolio or expand community play areas and tenant amenities to drive top-of-market rental premiums.
Property Type:
Mixed Use
Status:
for Sale
House Style:
Other
Acres:
1.21
Square Feet:
23376
Area:
10815
Heating Type:
0
Cross Street:
Fairfield St
Directions:
From Norwood Ave, head toward Lampasas Avenue. Turn left onto Fairfield Street. The property at 2635 Fairfield Street will be on your left.
Is Apartment:
Yes
Is Building:
Yes
Is Land:
Yes
Is Laundry:
Yes
Is Market:
Yes
Is Mix:
Yes
Is Other:
Yes
Is Parking:
Yes
Is Storage:
Yes
Is Unit:
Yes
Listing ID:
226129164

Rooms

Dimensions

Brokered by:
Keller Williams Realty
Presented By:

Yogi & Yoli Palenko

Broker / Owner / Realtor

CORE Commercial California