1217 24th St - Apartments FOR SALE


Sacramento, CA 95816- Midtown Sacramento
$650,000 USD
916-710-0753
1217 24th St, Sacramento, CA for Sale
$650,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

1217 24th St
Sacramento, CA 95816
Midtown Sacramento


HIGHLIGHTS

  • Located near 24th and Capitol Ave, walking distance to dozens of great amenities in Midtown.
  • Both units are currently vacant allowing an owner-user to occupy either or both units.
  • Two bedroom and one bathroom unit on the ground floor and one bedroom and one bathroom unit upstairs.
  • Property is zoned “Residential Office” which allows for a desirable work-live situation.

OVERVIEW

Turton Commercial is pleased to present to market for sale 1217 24th Street, a value-add duplex investment in central Midtown, Sacramento. This Craftsman-style duplex was constructed 1915 but has been lovingly cared for and updated by the owner-occupant over the last twenty years. The ground floor residential unit measures approximately 832 and features two bedrooms, one bathroom, living and dining room, and open kitchen. The upstairs unit measures approximately 600 square feet and includes one large open space that can be used as a bedroom or living space, one bathroom, storage/pantry room, and an open kitchen. Both units are accessible from a shared elevated porch that sits just above the 24th Street sidewalk. Both units have been upgraded over the years including new kitchen cabinets, flooring, lighting, and dual pane windows. The Property is zoned “Residential Office” which likely allows concurrent residential and commercial uses at the property. As such, this property is a unique “work live” opportunity that could allow an occupant to work in the ground floor space and live or lease the upstairs space to a residential tenant. Perhaps no aspect of the property is as noteworthy as its location in Midtown though. Located at the corner of 24th Street and Liestal Alley under a canopy of shade trees, the property is three blocks in every direction from Sacramento’s best amenities and six blocks east of the MARRS Building, home to the Midtown Farmer’s Market and the unofficial retail epicenter of Midtown. Living and/or working at this property is the ultimate Midtown experience!

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$781 USD /SF

# OF UNITS

2

PRICE/UNIT

$325,000

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,600 SF

ZONING

RO-SDP

APN/PARCEL ID

007-0161-021

ASK ABOUT THIS PROPERTY

Jon LangTurton Commercial Real EstateMore Info
916-710-0753

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

Jon LangTurton Commercial Real EstateMore Info
916-710-0753

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