1416 22nd St - Apartments FOR SALE


Sacramento, CA 95816- Midtown Sacramento
$1,050,000 USD
916-561-0204
1416 22nd St, Sacramento, CA for Sale
$1,050,000 USD
Apartments - FOR SALE
1/19
null | 5.77% Cap Rate

1416 22nd St
Sacramento, CA 95816
Midtown Sacramento


HIGHLIGHTS

  • Dynamic Midtown Location
  • Newer Pitched Roof
  • Charming Craftsman Bungalow

OVERVIEW

Brittain Commercial is proud to present 1416 22nd Street Apartments, a charming 5 unit Craftsman bungalow originally built in 1910 and tastefully updated over time. Located in one of Midtown/Downtown Sacramento’s most dynamic and sought after neighborhoods, this A+ location places residents just blocks from the State Capitol and Capitol Park, Golden 1 Center, DOCO, Memorial Auditorium, and light rail. The property is also surrounded by some of Sacramento’s most popular dining and nightlife destinations, including Magpie, Passa Notte, Zócalo, Aioli Bodega, Iron Horse Tavern, Jack’s Urban Eats, Alaro Craft Brewery, Temple Coffee, and Paesanos. The community offers residents the comfort of limited access entry and has been self-managed and well maintained by current ownership. Recent improvements include a new roof and updated interiors, making this an attractive and well cared for asset. 1416 22nd Street is more than just an apartment building. It is an opportunity to acquire a well positioned, income producing community in the heart of Sacramento’s cultural core.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$382 USD /SF

# OF UNITS

5

PRICE/UNIT

$210,000

CAP RATE

5.77%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1416 22nd St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

R3A, Sacramento

APN/PARCEL ID

007-0251-013

ASK ABOUT THIS PROPERTY

Jim DrazenovichBrittain CommercialMore Info
916-561-0204

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Jim DrazenovichBrittain CommercialMore Info
916-561-0204

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.