1805 V St - Dormitory FOR SALE


Sacramento, CA 95818- Richmond Grove
$849,000 USD
916-730-3846
1805 V St, Sacramento, CA for Sale
$849,000 USD
Dormitory - FOR SALE
1/29
null | 5.34% Cap Rate

1805 V St
Sacramento, CA 95818
Richmond Grove


HIGHLIGHTS

  • Recently Updated interiors
  • Rare 1986 Construction – Newer than many surrounding Midtown duplexes
  • One Townhouse-Style Residence & One Upper-Level Flat
  • Updated Kitchens with shaker cabinetry and solid surface countertops
  • Updated Bathrooms
  • Washer and Dryers & Refrigerators Included!

OVERVIEW

Rare 1986-Built Midtown Duplex | Turnkey Investment Producing $5,300 Per Month! Appraisal in April came in at $920,000 market approach and $927,500 income approach. Beautifully updated duplex offering the advantages of newer construction in a central Sacramento location where many comparable properties were built decades earlier. Featuring one townhouse-style 2-bedroom unit and one upper-level 2-bedroom flat, both residences have been updated with shaker cabinetry, solid surface countertops, stainless steel appliances, remodeled bathrooms, luxury vinyl plank flooring, dual-pane windows, fireplaces, private laundry, attached one-car garages, and private fenced outdoor spaces. Current rents of $2,800 and $2,500 per month generate $5,300 monthly ($63,600 annually) with a GRM of approximately 13.34. Additional features include newer HVAC systems, separate gas and electric meters, a composition roof, and low-maintenance landscaping. Conveniently located near Midtown, Downtown, UC Davis Medical Center, shopping, dining, parks, and major commuter routes. Excellent opportunity for investors, owner-occupants, or 1031 exchange buyers. Property Highlights • Rare 1986 Construction – Newer than many surrounding Midtown duplexes • Duplex with Two 2-Bedroom Units • One Townhouse-Style Residence & One Upper-Level Flat • Current Gross Income: $5,300/month ($63,600 annually) • Current GRM: Approximately 13.34 • Updated Kitchens with shaker cabinetry and solid surface countertops • Stainless Steel Appliances included • Updated Bathrooms • Luxury Vinyl Plank Flooring • Dual-Pane Windows • Fireplaces in both units • Private Laundry Areas • Attached One-Car Garage for each unit • Additional Off-Street Parking • Private Fenced Outdoor Areas • Separate Gas & Electric Meters • Composition Roof • Newer HVAC Systems • Low-Maintenance Landscaping • Excellent Midtown/Downtown Location • Minutes to UC Davis Medical Center • Close to restaurants, coffee shops, shopping, entertainment, and parks • Convenient access to major commuter routes • Excellent opportunity for investors, owner-occupants, or 1031 exchange buyers Investment Highlights • Strong in-place rental income • Broad tenant appeal due to desirable floor plans • Modern construction compared to much of the surrounding housing stock • Turnkey condition with numerous interior updates • Attractive long-term hold in one of Sacramento's most established urban neighborhoods

FOR SALE DETAILS

PRICE

$849,000 USD

PRICE/SF

$475 USD /SF

# OF UNITS

2

PRICE/UNIT

$424,500

CAP RATE

5.34%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rare Midtown Duplex build in 1986

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Dormitory

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R1B

APN/PARCEL ID

010-0092-016

ASK ABOUT THIS PROPERTY

Ron BenningRon BenningMore Info
916-730-3846

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Ron BenningRon BenningMore Info
916-730-3846

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