CA > Carmic
Carmic, CA 95608,2601 Carmichael WAY
Carmic, CA 95608,2601 Carmichael WAY
Carmic, CA 95608,2601 Carmichael WAY
Carmic, CA 95608,2601 Carmichael WAY
Carmic, CA 95608,2601 Carmichael WAY
Carmic, CA 95608,2601 Carmichael WAY
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John Fagan

John Fagan

+1(669) 303-8501
Listed by Willem Bos • COMPASS
$ 5,295,000
Est. payment | /mo

5 Beds

4 Baths

26,832 SqFt

Save
$ 5,295,000
Est. payment | /mo
Save

5 Beds

4 Baths

26,832 SqFt

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 26,832 sqft

Price per Sqft $197

MLS Listing ID MR41089843

Bedrooms 5

Year Built 1963

Lot Size 1.276 Acres

Property Sub-Type Five or More Units

Source Bridge MLS

Property Description

6.05% CAP and 10.77 GRM Day one! 2601 Carmichael 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

Area Other Area

Interior

Heating Forced Air

Cooling Central -1 Zone

Flooring Laminate, Hardwood

Laundry Washer, Dryer

Exterior

Exterior Feature Wood Frame

Parking Features Spaces per Unit - 1, Spaces per Unit - >1

Garage Spaces 37.0

Roof Type 30

Building

Lot Description Regular

Water Other

Others

Special Listing Condition Not Applicable

MLS Listing IDX PLUS
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+1(669) 303-8501

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1295 E Dunne Ave Suite 130 Morgan Hill, CA 95037, USA

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2601 Carmichael WAY