704 20th St - Apartments FOR SALE


Sacramento, CA 95811
$1,199,000 USD
916-949-5245
704 20th St, Sacramento, CA for Sale
$1,199,000 USD
Apartments - FOR SALE
1/14
null | 7.03% Cap Rate

704 20th St
Sacramento, CA 95811


HIGHLIGHTS

  • Diverse unit mix of 1-bedroom and 2- bedroom units
  • Large units with recent upgrades
  • Updated plumbing and electrical
  • Central heat and air
  • In-unit washer and dryer
  • Individual water heaters for each unit

OVERVIEW

We are pleased to present 704 20th Street, a rare opportunity to acquire a well maintained and updated 6-unit multifamily community located in the heart of Midtown Sacramento. 20th Street is located in Midtown Sacramento, known for its vibrant culture and entertainment. There are a wide range of restaurants, bars, and boutiques in this area. This unique opportunity offers a blend of historic charm and modern comfort, making it an appealing and comfortable place to call home. 704 20th Street is a charming three-story Victorian-style building comprising six units, on a 0.07-acre lot. The total living space is 5,886 square feet. This historic structure was originally built in 1910 with a pitched composition roof along with redwood siding. The unit configuration includes three spacious 1-bedroom/1-bathroom units (1,000 square feet), and three spacious 2-bedroom/2-bathroom units (1,000 square feet). The building has seen substantial updates over the years, significantly enhancing its overall appeal and functionality. Notably, the plumbing and electrical systems have been updated within the last 15 years. Each unit features hardwood or laminate floors, tile countertops, freshly painted kitchen cabinets, vintage wooden windows, recessed ceiling lighting for a contemporary touch, in-unit washers and dryers for added convenience, and ceiling fans for comfort. Four of the units benefit from central heating and air conditioning systems, while the remaining two units are equipped with wall units. Tenants are responsible for gas and electricity within their unit, while the owner pays water, sewer, and garbage. The new owner can implement a Ratio Utility Billing System (RUBS) to bill a portion of these charges to the residents which is becoming more common in California. These charges are around $25-75 per unit in addition to the residents’ standard monthly rental payment depending on the amount of people in each unit.

FOR SALE DETAILS

PRICE

$1,199,000 USD

PRICE/SF

$204 USD /SF

# OF UNITS

6

PRICE/UNIT

$199,833

CAP RATE

7.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

C-2-SPD

APN/PARCEL ID

003-0174-010

ASK ABOUT THIS PROPERTY

Ahmed KamilColliersMore Info
916-949-5245

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Ahmed KamilColliersMore Info
916-949-5245

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