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$1,050,000

Est. payment - /mo

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3,593 SqFt

Pending

1700 V ST Sacramento, CA 95818

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

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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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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