609-611 16th St - Apartments FOR SALE


Sacramento, CA 95814
$1,249,000 USD
916-541-3630
609-611 16th St, Sacramento, CA for Sale
$1,249,000 USD
Apartments - FOR SALE
1/30
null | 6.12% Cap Rate

609-611 16th St
Sacramento, CA 95814


HIGHLIGHTS

  • Remodeled Units
  • Retail tenant signed a new 18 month lease starting September 1st
  • 100% Occupied
  • Gross monthly income of $9,100
  • On Site Laundry

OVERVIEW

609-611 16th St is a mixed use building consisting of 4 apartments and retail coffee shop. The apartments are 1 bedroom 1 bathroom, completely remodeled. The coffee shop is updated and signed a a new lease. The apartments have mini split units providing central heat and air. The units are separately metered for gas and electric. There is a common laundry area for tenants convenience.

FOR SALE DETAILS

PRICE

$1,249,000 USD

PRICE/SF

$347 USD /SF

# OF UNITS

4

PRICE/UNIT

$312,250

CAP RATE

6.12%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mixed Use 4 Apartments + Retail

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

C-2

APN/PARCEL ID

002-0173-002

ASK ABOUT THIS PROPERTY

Tim SwanstonNorth Coast Commercial, Inc.More Info
916-541-3630

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Tim SwanstonNorth Coast Commercial, Inc.More Info
916-541-3630

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