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Listed by Willem Bos • COMPASS
$5,395,000
Est. payment /mo
26,832 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Apt Complex
Listing Status Active
Purchase Type For Sale
Square Footage 26,832 sqft
Price per Sqft $201
MLS Listing ID 41089843
HOA Y/N No
Originating Board Bridge AOR
Year Built 1963
Lot Size 1.276 Acres
Property Sub-Type Apt Complex
Property Description
The property offers oversized one- and two-bedroom units, each with an in-suite washer and dryer, ranging from approximately 1,090 to 1,490 square feet. Residents enjoy at least one large private patio or balcony, and a secured swimming pool enhances tenant appeal. With one of the region's lowest vacancy rates, Carmichael remains a strong rental market. The new owner can implement a Ratio Utility Billing System (RUBS) to allocate utility costs, typically adding $25-$100 per unit in additional revenue. These improvements will boost cash flow and add value to the complex by implementing the RUBS to those units not already included. The Hause Apartments attracts quality tenants due to its prime location, proximity to a good school district, and being minutes from the American River. Don't miss this rare investment opportunity in Carmichael!
Location
State CA
County Sacramento
Interior
Heating Forced Air
Cooling Central Air
Flooring Hardwood, Laminate
Fireplace No
Appliance Dryer, Washer
Building
Lot Description Regular
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