We are proud to present 1317 F Street, an exceptional investment opportunity in the Heart of Downtown Sacramento. The subject property is fully remodeled, turn-key multifamily asset located in one of Downtown Sacramento’s most vibrant and desirable neighborhoods. This rare offering provides a compelling combination of stabilized income, recent capital improvements, and significant upside potential all at an attractive cap rate and below market basis.
1317 F Street is a Two-story apartment community comprising 10-Units, on a 0.15-acre lot. The subject property was originally built in 1964 but was completely gutted and remodeled in 2018. 1317 F Street amenities include Laundry, tuck under parking and a remodeled interior corridor. The unit configuration includes two 3-bedroom/2-bathroom units and eight 2-bedroom/1-bathroom units. This building was taken down to the studs and reconfigured with new lighting, windows, kitchens/bathrooms, electrical, plumbing, roof and much more. Truly a turn-key product in Midtown Sacramento.
Tenants are responsible for gas and electricity within their unit, while the owner pays water, sewer, and garbage. The new owner can implement a Ratio Utility Billing System (RUBS) to bill a portion of these charges to the residents which is becoming more common in California. These charges can be around $50-125 per unit in addition to the residents’ standard monthly rental payment depending on the amount of people in each unit. This unique opportunity offers a blend of historic charm and modern comfort, making it an appealing and comfortable place to call home.