3650 Hallelujah Ct, Carmichael, California, United States

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Home For Sale

$1,099,000

3650 Hallelujah Ct
Carmichael, California, United States

4bd 4ba

Listed By: Realtyww Info

Listed On: 05/14/2023

Listing ID: GL10531655 View More Details

Description

We are happy to present 3650 Hallelujah Court, a trophy 4 - unit apartment building located in the heart of Carmichael, California. The property has a great unit mix of two and three Bedrooms units total an average of 950 square feet. The property represents a truly unique opportunity to own a post 1980 construction apartment property in the heart of the Sacramento suburbs. Most of the immediate comparable properties were built in the 1960's and 1970's, giving Hallelujah Court an immediate advantage over competitors in terms of functionality and living space. In addition to the spacious units, residents get access to a large garage from the private driveway. A rental market survey in the immediate vicinity suggests that current rents are in excess of 30% under market. When the purchaser moves rents to market, proforma return metrics suggest a 6.5% Cap Rate. 3650 Hallelujah Court is walking distance to major grocery stores, national / regional banking branches, and 38 acre Carmichael Park. All tours must be scheduled through the Listing Agent. Please do not disturb residents or management.

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Listed by: Marcus Millichap Real Estate