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
78
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 – 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.
©2024 MetroList Services, Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MetroList Services, Inc.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of November 04, 2024. For the most current information, please contact Jonathan Hunt, (916) 747-8229
