MOTIVATED SELLER! This is a development opportunity for a 13-unit apartment complex. The building is currently a shell and is an empty slate into some very solid earning potential!
Hard to find new multi-family construction. This is one of 4 to be built on a private lane, making it worth taking a serious look at. Expected completion May 2025. This property is an 1114 SF 3bd 2ba main home and a 958 SF 2 bd 2.5 ba 2nd unit. All bedrooms are upstairs with 2 full baths and a downstairs powder room. Discount to buy all 4 duplexes. Projected Annual income $230,000 for all 4 duplexes. Expenses Taxes $30,000 Insurance $8000 Management $12,000 Maintenance $5000 Vacancy $10,000 Projected NOI $165,000
2109-2111 J Street is a 3-story mixed-use building comprised of four large 1-bedroom and 1.5 bathroom luxury apartment units (each 988 SF) over 2,058 square feet of retail space currently leased by the UPS Store through June 2025. The property was completely remodeled in 2019 including top-to-bottom upgrades to the retail space, all residential units and common areas; new stucco and paint to exterior of building; updated plumbing and electrical; and energy efficient HVAC units. The residential units feature new hardwood floors throughout, granite counters, solid wood custom cabinetry, designer lighting, stainless appliances, full-size washer/dryer in each unit, as well as completely remodeled bathrooms and kitchens. The property features 9 on-site parking stalls which are gated, lighted, and secured. Located in the heart of Midtown, just one block from the MARRS Building, THIS is Midtown events, and the Midtown Farmer's Market and walking distance to hundreds of restaurants and bars.
The median home value in Sacramento, CA is $415,000. This is lower than the county median home value of $489,000. The national median home value is $338,100. The average price of homes sold in Sacramento, CA is $415,000. Approximately 47.71% of Sacramento homes are owned, compared to 47.44% rented, while 4.86% are vacant. Sacramento real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Sacramento real estate agent to arrange a tour today!
Sacramento, California has a population of 518,605. Sacramento is less family-centric than the surrounding county with 30.59% of the households containing married families with children. The county average for households married with children is 33.01%.
The median household income in Sacramento, California is $71,074. The median household income for the surrounding county is $76,422 compared to the national median of $69,021. The median age of people living in Sacramento is 35.2 years.
The average high temperature in July is 92.6 degrees, with an average low temperature in January of 39.1 degrees. The average rainfall is approximately 19.9 inches per year, with 0 inches of snow per year.