728 16th St - Hospitality FOR SALE
Sacramento, CA 95814 |
728 16th St
Sacramento, CA 95814
HIGHLIGHTS
- Re-Purpose the building to multifamily / create "micro-units" which have an estimated rental rate of 1400 a month.
- Continue to operate as a Holiday Inn Express - there are significant reductions that can be made to the expenses to improve the NOI.
- Re-brand the building to a new hotel brand - since hotel is closed, cost to terminate the brand will be significantly reduced by the close of escrow.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
STATUS
Converted
BUILDING DETAILS
PROPERTY NAME
For Sale | Hotel / Section 8 / Multifamily
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
81814
STORIES
4
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
1979
PARKING SPACES
120
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
C-2
APN/PARCEL ID
002-0172-023
