We are pleased to present two 8-unit complexes contiguous to one another, 355 & 375 El Camino Avenue, Sacramento (16-Units). This is a gated community with on-site laundry and off-street parking for the residents. The building consists of two-two bedroom/one bathroom, twelve-one bedroom/one bathroom & two-studio living units. This subject property has been upgraded throughout its entire ownership with electric stoves, wall heat/air system, upgraded cabinets and new laminate flooring in the kitchen and bathrooms. Some units have been updated with new counter tops, six panel doors, and new vanities in the bathroom as well. The floor plans are spacious with both buildings equaling 9,454 square feet. These two-story complexes were constructed with wood frame and stucco with a pitched roof. Also, a new investor should consider implementing a Ratio Utility Billing System (RUBS) on the remainder of the units to increase monthly cash flow. RUBS currently range between $50-100 per unit monthly depending on the number of tenants within the unit. These El Camino Avenue properties are located in North Sacramento on a major thoroughfare through the region. El Camino Avenue runs from Interstate-80 on the west all the way through Arden-Arcade to the American River on the east.
Listing courtesy of Collier's International CA, Inc..
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