1700 V STREET
Sacramento, CA 95818
3593 sqft | 0.08 acres | #ML81972984
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.
Property Details
- School DistrictSacramento City Unified
- Date ClosedNovember 13, 2024
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- CountySacramento
- Original List Price$1,150,000
- MLS #ML81972984
- MLS #ML81972984
- Taxes Annual$11,550
- Cost1050000
- Property SubtypeTriplex
- Acres0.0764
- Utility SourcePublic
- Square Feet3593
- Year Built1900
- FoundationSlab
- Stories2
- Parking Spaces1
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. 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
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Kelly Rivett (#ML5070313)
Listing Office: Cornish & Carey Commercial (#ML33684)
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