1416 22nd St - Apartments FOR SALE


Sacramento, CA 95816- Midtown Sacramento
$1,050,000 USD
916-724-7366
1416 22nd St, Sacramento, CA for Sale
$1,050,000 USD
Apartments - FOR SALE
1/7
null | 5.36% Cap Rate

1416 22nd St
Sacramento, CA 95816
Midtown Sacramento


HIGHLIGHTS

  • Premier location in the heart of Midtown Sacramento
  • Walking distance to Sutter General Hospital, R Street Corridor, and multiple popular restaurants/bars
  • Attractive unit mix for younger working professionals

OVERVIEW

Marcus & Millichap is pleased to present 1416 22nd Street, a 5 unit asset in the heart of Midtown Sacramento built in 1910. The property features a mix of Studios and 1 bedroom units that attract younger professionals who prefer to live a minimalist lifestyle in the heart of the Grid. Tenants are attracted to the premier location and walkability to surrounding amenities that this location offers. 1416 22nd Street is short walking distance to some of Sacramento's most popular restaurants, boutique retail, and nightlife. It is also centrally located to some of the City's most major employers such as Sutter General Hospital, The State Capitol, and the Central Business District. The next investor will capture the upside of this property by focusing on interior upgrades such as new kitchen appliances, new finishes in the bathrooms, all while maintaining the charm the exterior emulates.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$382 USD /SF

# OF UNITS

5

PRICE/UNIT

$210,000

CAP RATE

5.36%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1416 22nd St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,180 SF

ZONING

R3A, Sacramento

APN/PARCEL ID

007-0251-013

ASK ABOUT THIS PROPERTY

Sutter McLoughlinMarcus & MillichapMore Info
916-724-7366

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Sutter McLoughlinMarcus & MillichapMore Info
916-724-7366

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