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- MLS#20080578
- TypeIncome
- CountySACRAMENTO
- CitySacramento
- Area10818
- Zip95818
- Style
- Price$ 2,285,000
- Bedrooms2
- Full Bathrooms1
- Half Bathrooms0
- Lot Size9,919 SqFt
Listing Provided Courtesy Of:
Parissa Yaghmaie CalBRE# - 01484585 with California Regency Realty
Data Source:
California Metrolist Inc
Property Description
This well maintained 8 unit apartment complex is located in the Oppurtinity Zone of Downtown Sacramento and within walking distance to Southside Park. A very substantial increase in value & Income can be realized by devloping the vacant lot at the back. Conceptual drawings for future development are attached. 7 units are fully rented,there is 1000SqFt of unfinished space in front of the building that can be fixed to add income. Property is zoned C-2 so it can be used as office,retail or an additional unit. Downtown Sacramento continues to be one of the strongest rental markets in the nation. The major value is in developing the back which is part of the oppurtunity zone that has great tax incentives. Please verify info.
Price History | |
---|---|
1/30/2021 | Listed $2,285,000 |
General Features
Association Y/N | No |
---|---|
Construction Materials | Stucco, Frame |
Cooling | Varies by Unit |
Electric | 220 Volts |
Elementary School District | Sacramento Unified |
Flooring | Varies by Unit |
Heating | Varies by Unit |
High School District | Sacramento Unified |
Lease Term | Lease/Month to Month Mix |
MLS Area | 10818 |
Parking Features | Street |
Patio/Porch Features | Balcony/Deck, Varies by Unit |
Property SubType | 5 or More Units |
Property Type | Residential Income |
Roof | Flat |
School District (county) | Sacramento |
Sewer | Public Sewer |
Status | Active |
Subtype Description | Apartments |
Total Units | 8 |
View | Downtown |
Zoning Description | Mixed |
Interior Features
Floors | 3 |
---|---|
Total Stories | 3 |
Unit 1 Approx Sqft | 1200 |
Unit 1 Bedroom Units Total | 5 |
Unit 1 Bedrooms | 2 |
Unit 1 Full Baths | 1 |
Unit 1 Rent | 1400 |
Unit 1 Sqft Source | Not Measured |
Unit 2 Bedroom Units Total | 2 |
Exterior Features
Foundation Details | Slab |
---|---|
Lot Size Acres | 0.2277 |
Lot Size Source | Assessor Auto-Fill |
Lot Size Square Feet | 9919 |
Number of Buildings | 1 |
Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool