1514 19th - Multi-Family FOR SALE


Sacramento, CA 95811- Midtown Sacramento
$775,000 USD
916-442-0634
1514 19th, Sacramento, CA for Sale
$775,000 USD
Multi-Family - FOR SALE
1/22
null | 4.6% Cap Rate

1514 19th
Sacramento, CA 95811
Midtown Sacramento


OVERVIEW

1514 19th Street is a perfect opportunity for a first- time investor to purchase a Victorian style building. The opportunity is located in Midtown Sacramento, a low vacancy submarket with the strongest rental demand in the Sacramento region. The property is walking distance to Sutter Medical Center located just 1 mile from the subject property and just under a 15 minute walk to California State Capitol Park. This building offers a short distance to many of Midtown and Downtown’s favorite eateries, cultural venues and professional amenities with The Ice Blocks being a couple of blocks away, Sac Brew Bike being right across the street, one of the area’s most popular dog parks being a couple of blocks away and much more. Tenants have the added benefit of convenient freeway access to Highway 50 and Business I-80 as well as the three other major freeways that flow through the area. The property features Four Studio Units currently renting for: $1,295, $1,100, $1,195 and $1,495. A majority of the units offer newer kitchens, security screen doors and are heated and cooled with through- wall HVAC. The flooring varies by unit with some having carpet / linoleum and others having carpet / tile. Most units have ceiling fans as well.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$382 USD /SF

# OF UNITS

4

PRICE/UNIT

$193,750

CAP RATE

4.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1873

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,004 SF

ZONING

R-3A

APN/PARCEL ID

007-0242-014

ASK ABOUT THIS PROPERTY

Andrew DeBritoNorthwind CommercialMore Info
916-442-0634

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Andrew DeBritoNorthwind CommercialMore Info
916-442-0634

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