2229 24th St - Apartments FOR SALE


Sacramento, CA 95818- Newton Booth
$1,395,000 USD
916-710-0753
2229 24th St, Sacramento, CA for Sale
$1,395,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

2229 24th St
Sacramento, CA 95818
Newton Booth


HIGHLIGHTS

  • 3 Luxury Residential Units and stand-alone garage
  • All three units and most "big ticket" infrastructure has been updated within the last 3 years
  • 2nd floor unit (3 bed/1bath) is vacant through October 7th and available for an owner-user
  • Great location on the border of Midtown and Land Park

OVERVIEW

2229 24th Street (the “Property”) is a three-unit residential building comprised of two 1-bedroom and 1-bathroom units on the ground floor and one 3-bedroom and 1-bathroom unit on the entire second floor. The Property was substantially remodeled within the last three years, including new finishes throughout all three units, energy-efficient dual-pane windows on both floors, new HVAC units (two mini-split), custom metal work on the exterior, and a recently landscaped back courtyard area. The three residential units feature original hardwood floors throughout, granite/quartzite counters, solid wood custom-cabinetry, updated lighting, custom tile shower walls and floors, washer/dryer combo in each unit, dishwashers, electric cooktop, and garbage disposals. The two ground floor units, each with one bedroom and one bath, are approximately 775 rentable square feet. The upstairs unit has three bedrooms and one full bathroom, measuring approximately 1,500 rentable square feet. All three units have a spacious living room and dining room. The Property also features a 572-square foot three-car garage to the east of the building, accessible off W Street. The garages provide each tenant with an off-street parking option, storage, or both. From an ownership perspective, the stand-alone garage provides a unique value-add development opportunity, whereby the existing garage is demolished and replaced with a new garage and additional residential units above. The current zoning – R3-SPD – may permit additional units on the property.

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$537 USD /SF

# OF UNITS

3

PRICE/UNIT

$465,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1939

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,350 SF

ZONING

R-3A

APN/PARCEL ID

010-0171-021

ASK ABOUT THIS PROPERTY

Jon LangTurton Commercial Real EstateMore Info
916-710-0753

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Jon LangTurton Commercial Real EstateMore Info
916-710-0753

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