Property Details
About this Property
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.
MLS Listing Information
MLS #
ME224091741
MLS Source
MetroList Services, Inc.
Days on Site
116
Interior Features
Appliances
Dishwasher, Oven Range - Electric
Flooring
Carpet, Laminate, Linoleum
Laundry
Coin Operated
Cooling
Ceiling Fan, Window/Wall Unit
Heating
Wall Furnace
Exterior Features
Roof
Composition, Rolled/Hot Mop
Foundation
Concrete Perimeter, Concrete Perimeter and Slab
Parking, School, and Other Information
Garage/Parking
Attached Garage, Off-Street Parking, Street, Garage: 0 Car(s)
Sewer
Public Sewer
Water
Public
HOA Fee
$0
Complex Amenities
Community Security Gate
Zoning
R-3A
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 8 | – |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 700 | 2 | 1/0 | $1,650 | – | – |
| 2 | 590 | 1 | 1/0 | $1,200 | – | – |
| 3 | 700 | 2 | 1/0 | $1,240 | – | – |
| 4 | 590 | 1 | 1/0 | $1,390 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1722 V St is a Residential Income in Sacramento, CA 95818. This 4,825 square foot property sits on a 6,534 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,820,000 and was built in –. This address can also be written as 1722 V St, Sacramento, CA 95818.
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This listing information is up-to-date as of December 19, 2024. For the most current information, please contact Jonathan Hunt, (916) 747-8229
