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    2300 N Street

    Sacramento, CA 95816
    • $1,095,000
    • STATUS: Active
    • ON SITE: 162 days
    • MLS #: 20035077
    UPDATED: 45 min ago
    $1,095,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Gorgeous Midtown investment opportunity. Originally built in 1927 as a fourplex, although is now used as commercial office space. The 3,600 SF, two-story building is currently 100% leased to three long-time office tenants generating a net operating income of approximately $54,500. An owner-user can also occupy the entire second floor, measuring 1,800SF, within 60 days of closing and offset monthly expenses with income from two ground floor tenants. For the more adventurous value-add investor, the building (zoned R3A) can be converted back to a four-plex by right. The generously-sized 6,400SF lot currently parks 14 cars, but can accommodate the future development of 3-4 additional residential units including two ADUs. The Property is being offered at $1,095,000, which equates to a 5% cap rate on existing income. Seller can provide: i) full inspection report; ii) pest report; and iii) structural report upon request.

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    © 2020 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2020-11-29T22:38:10.83. MetroList® MLS Terms of Use. IDX provided by BoomTown.
    www.sacramentoareahomefinder.com/homes/107032693
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    2300 N Street Sacramento, CA 95816

    • Price: $1,095,000
    • Status: Active
    • Updated: 45 min ago
    • MLS #: 20035077
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1925
    Built
    Neighborhood:
    Sacramento Downtown/Midtown
    County:
    Sacramento
    Area:
    Sacramento Downtown/Midtown
    Elementary School:
    Sacramento Unified
    Middle School:
    Sacramento Unified
    High School:
    Sacramento Unified
    School District:
    Sacramento
    Property Description
    Gorgeous Midtown investment opportunity. Originally built in 1927 as a fourplex, although is now used as commercial office space. The 3,600 SF, two-story building is currently 100% leased to three long-time office tenants generating a net operating income of approximately $54,500. An owner-user can also occupy the entire second floor, measuring 1,800SF, within 60 days of closing and offset monthly expenses with income from two ground floor tenants. For the more adventurous value-add investor, the building (zoned R3A) can be converted back to a four-plex by right. The generously-sized 6,400SF lot currently parks 14 cars, but can accommodate the future development of 3-4 additional residential units including two ADUs. The Property is being offered at $1,095,000, which equates to a 5% cap rate on existing income. Seller can provide: i) full inspection report; ii) pest report; and iii) structural report upon request.
    Exterior Features

    Approx Elevation 0 Construction BrickFrame Covered Parking Spaces 0 Exterior Brick Parking +1 Space Per Unit Roof Flat/Low PitchOther-Rmks Stories 2 Stories Description Multi-Level Style CraftsmanTraditional Uncovered Parking Spaces 14

    Interior Features

    Air CentralRefrig Wall UnitsVaries By Unit Equipment Varies By Unit Floor Coverings Varies By UnitWood Furnished None Heat Varies By Unit Kitchen Appliances Other-Attch Unit1 Bedrooms 2 Unit1 Full Baths 1 Unit1 Half Baths 0 Unit1 Sq Ft 900 Unit2 Bedrooms 2 Unit2 Full Baths 1 Unit2 Half Baths 0 Unit2 Sq Ft 900 Unit3 Bedrooms 2 Unit3 Full Baths 1 Unit3 Half Baths 0 Unit3 Sq Ft 900 Unit4 Bedrooms 2 Unit4 Full Baths 1 Unit4 Half Baths 0 Unit4 Sq Ft 900

    Property Features

    1 Bedroom Units 0 2 Bedroom Units 4 3 Bedroom Units 0 Amenities Varies By Unit CCRs No Cross Street Address 23rd Disability Features Varies By Unit Energy Features Other-Rmks HOA No Hoa Dues 0 Individual Units 4 Multifamily Type Fourplex Special Listing Condition None Studio Units 0 Tenant Pays Other-Rmks Total Leasable 1 Unit1 Rent 1620 Unit2 Rent 1600 Unit3 Rent 1665 Unit4 Rent 1665 Year Remodeled 2016 Zoning R-3A-Spd

    Listing provided courtesy of Ken Turton, Broker. Listing information © 2020 MetroList Services, Inc.


    © 2020 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2020-11-29T22:38:10.83. MetroList® MLS Terms of Use. IDX provided by BoomTown.
     
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