$1,050,000
1700 V ST Sacramento, CA 95818
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$1,050,000
Est. payment /mo
3,593 SqFt
Pending
1700 V ST Sacramento, CA 95818
UPDATED:
10/16/2024 07:14 PM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
Square Footage 3,593 sqft
Price per Sqft $292
MLS Listing ID ML81972984
HOA Y/N No
Year Built 1900
Annual Tax Amount $11,550
Lot Size 3,327 Sqft
Property Description
Seller may carry a 1st MTG! An investor/user opportunity to acquire 1700 V Street, 2-story mixed-use building located in downtown Sacramento, California. This building is located on the southeast corner of 17th and V Street, and is comprised a convenience store ( Nick's Market) and 3 apartment units. Nick's Market, a longtime cornerstone market, occupies the ground floor commercial space and is comprised of approximately1,390 square feet. This lease expires in January 2027, with no options to renew. This allows a user opportunity to operate the c-store or lease to an market operator at twice the amount of current rate. Three apartment units occupy the remaining space within the building, with one studio unit on the ground floor, and two-2/1 apartment flats on the second story. The studio is approximately 400 square feet, and is occupied by a long term month-to-month tenant paying 50% under market, presenting immediate income upside. Upstairs, there are are two/2bed/1bath apartment flats that were beatifically remodeled in 2024. Building/unit renovations include but are not limited to: New exterior paint, new central heat/air, dual pane windows, refer, stove, faucets, lighting, luxury plank flooring, interior paint, toilet, hardware, doors, etc. The building is 100% occupied.
Location
State CA
County Sacramento
Area 699 - Not Defined
Zoning R-3A
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Gas Cooktop, Microwave
Exterior
Garage Off Street
Garage Spaces 1.0
Garage Description 1.0
View Y/N No
Roof Type Composition
Accessibility None
Parking Type Off Street
Total Parking Spaces 2
Building
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Schools
School District Sacramento City Unified
Others
Tax ID 00902150260000
Security Features Security Lights
Special Listing Condition Standard
Listed by Kelly Rivett • Cornish & Carey Commercial
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