1706 H St - Apartments FOR SALE


Sacramento, CA 95811- Boulevard Park
$975,000 USD
916-616-5267
1706 H St, Sacramento, CA for Sale
$975,000 USD
Apartments - FOR SALE
1/13
null | 4.96% Cap Rate

1706 H St
Sacramento, CA 95811
Boulevard Park


HIGHLIGHTS

  • • Excellent Location in the Heart of Midtown Sacramento
  • • Value-Add Opportunity with Rental Upside
  • • Extended Sized Lot with Room for ADU Development
  • • Off-Street Parking
  • • Community Laundry On-site
  • • Pitched Roof

OVERVIEW

We are pleased to present 1706 H Street, a rare opportunity to acquire a value-add and charming 6-unit multifamily community located in the heart of Midtown Sacramento. The subject property is located in Midtown Sacramento, known for its vibrant culture and entertainment. There are a wide range of restaurants, bars, and boutiques in this area. 1706 H Street is a charming Two-story Victorian-style building comprising six units, on a 0.11-acre lot. This historic structure was originally built in 1900 with a pitched composition roof along with wood siding. The unit configuration includes two 1-bedroom/1- bathroom units and four Studio units. There is off-street parking located in the front of the property and a charming backyard for tenants to enjoy in the rear. The property also has an on-site laundry facility for the community to share in the backyard. Take advantage of the opportunity to build one or two ADU units on this amazing piece of property. The subject property is nestled in a residential neighborhood with proximity to all that Midtown Sacramento has to offer. 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.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$244 USD /SF

# OF UNITS

6

PRICE/UNIT

$162,500

CAP RATE

4.96%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

R3A, Sacramento

APN/PARCEL ID

006-0065-004

ASK ABOUT THIS PROPERTY

Matthew SarroColliersMore Info
916-616-5267

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

Matthew SarroColliersMore Info
916-616-5267

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