2618 Forrest Street, Sacramento, CA 95815

Forrest Street Apartments, a five-unit apartment community located in Old North Sacramento. Forrest Street Apartments represents a value-add opportunity to acquire a multifamily asset in an expanding Old North Sacramento submarket. While the complex has been owner-operated, the property has a rental upside through the completion of higher end renovations, and provides room for rental growth upwards of few hundred dollars per month per unit on average. The single level property sits on a spacious lot that is just short of an acre and is made up of three separate buildings with dual pane windows consisting of two duplexes and a cottage house. There are four two- bedroom/ one- bath units approximately 800 square feet with single car garages and a one- bedroom/ one- bath cottage house approximately 600 square feet. All units have been upgraded in various ways throughout the current ownership including replacement of HVAC/ mini split units (select units), water heaters (select … read more …