$13,500,000
7236 East Pkwy, Sacramento, CA 95823
0 Beds
0 Baths
86,778 SqFt

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Parkway Townhomes in Sacramento allows an incoming investor to acquire the property free and clear of any lienholder encumbrances OR assume existing financing of ±$7,000,000 at 3.25% until May 2027 providing the investor with rare positive leverage in today’s unique market. This 90-unit apartment has a variety of unit sizes and styles and consists of (9) studios, (9) small 1 bed / 1 bath, (27) large 1 bed / 1 bath, and (45) 2 bed / 1.5 baths w balconies. The building has 71 parking spaces, two (2) on-site laundry sites, a leasing office, and a central communal area including a large swimming pool. Many units have the opportunity to be updated cosmetically as well as functionally. Updating the HVAC with SMUD rebates could assist in lowering or removing the unit’s landlord-provided gas, while efficient water fixtures would reduce water bills. On-site management restructuring would also provide for increased income with minimal investment as well as lowered landlord expenses. Located immediately near Parkway Estates in Sacramento County, the property is under a 10-minute drive to Downtown and Midtown. The property has easy walkable access to grocery stores including Ranch 99, Starbucks and Dutch Bros, and a variety of dining options, as well as large big box retail.
  • Price:
  • $13,500,000
  • Square Footage:
  • 86,778
  • Acreage:
  • 2.37
  • Year Built:
  • 1965
  • Listing ID #:
  • 41015124
  • Street Address:
  • 7236 East Pkwy
  • City:
  • Sacramento
  • State:
  • California
  • Postal Code:
  • 95823
  • County:
  • Sacramento
  • Community:
  • Sacramento County
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial Sale
  • Construction Type:
  • Stucco
  • Total Building Square Footage:
  • 86778
  • Year Built:
  • 1965
  • Lot Features:
  • Level
  • Lot Size:
  • 2.37
  • Lot Square Footage:
  • 103237
  • Originating Mls:
  • Contra Costa
  • Parking Description:
  • Covered, Off Site
  • Appliances:
  • Gas Water Heater
  • Existing Water:
  • Public
  • Has Central Air Conditioning:
  • Yes
  • Heating:
  • Forced Air, Other
  • Laundry:
  • Coin Operated, Community Facility, Dryer, Laundry Room, Laundry Equip - Leased, Washer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By: Davide Pio with Bcre
  • CABAYEAST