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$1,820,000

Est. payment - /mo

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4,825 SqFt

Price Dropped by $130K

1722 V ST Sacramento, CA 95818

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Desmond Sandy

desmond@sandyrealestategroup.com +1(530) 263-1925

UPDATED:

11/04/2024 08:31 PM

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,825 sqft

Price per Sqft $377

MLS Listing ID 224091741

HOA Y/N No

Originating Board MLS Metrolist

Year Built 1960

Lot Size 6,534 Sqft

Acres 0.15

Property Description

This exceptional 8-unit apartment building, nestled in the coveted Richmond Grove neighborhood of Sacramento, presents a unique opportunity for investors seeking a stable, income-generating asset. Under the careful stewardship of the same family for over 50 years, this property has consistently maintained high occupancy rates and reliable rental income. This fully occupied, turnkey property offers immediate cash flow and minimal management requirements. Situated in the desirable Richmond Grove neighborhood, it benefits from easy access to shopping, dining, entertainment, transportation, healthcare and major employers. The high demand for rental housing in the Midtown Sacramento area supports strong rental income and long-term stability. Investment highlights include potential for long-term appreciation & rental upside. Improvements include tankless water heaters, a repaved parking lot, a new roof, a fresh coat of paint, upgraded electrical subpanels, partially upgraded plumbing system to copper & dual-pane windows. Seller will consider carrying a first position note subject to approval and terms to be negotiated. This is an opportunity to acquire prime real estate in one of Sacramento's most sought after locales.

Location

State CA

County Sacramento

Area 10818

Direction From 16th Street turn right on V, travel through 17th St and property will be on the right. From 19th Street, turn right on V Street and travel through 18th Street and property will be on the left.

Interior

Heating Wall Furnace

Cooling Ceiling Fan(s), Window Unit(s)

Flooring Carpet, Laminate, Linoleum

Window Features Dual Pane Partial

Appliance Free Standing Refrigerator, Dishwasher, Free Standing Electric Range

Laundry Coin Operated, In Common Area

Exterior

Garage Attached, Off Street, Open, Street

Utilities Available Natural Gas Connected, City, Electric

Water Access Desc Public

Roof Type Composition

Total Parking Spaces 6

Building

Lot Description Landscape Front

Story 2

Foundation ConcretePerimeter

Sewer Public Sewer

Water Public

Schools

Elementary Schools Sacramento Unified

Middle Schools Sacramento Unified

High Schools Sacramento Unified

School District Sacramento

Others

Senior Community No

Tax ID 009-0215-008-0000

Special Listing Condition None

Listed by J.A. Hunt

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Desmond Sandy

Agent | License ID: 02083867

+1(530) 263-1925