Description
We are pleased to present a beautifully remodeled 12-unit apartment community for sale at 1626 27thStreet in Midtown Sacramento. The property was originally built in 1955 but went under extensive renovations in 2018. The 2018 renovation brought the building back down to the studs as everything functionally and cosmetically were replaced. The unit interiors, stucco siding, double pane windows, roof, and plumbing all are new. Though property was recently rehabbed, competitive rental comparables suggest that today's rent roll is more than 17% under market, giving the next savvy owner an opportunity to add value without having to spend capital expenditure dollars to get there. The property also features five income producing tuck under parking spots with private gated access into the courtyard. The property is located in one of the best rental locations in the entire California central valley. Nestled in the heart of Midtown, the property affords residents walking distance access to some of Sacramento's best entertainment and employment opportunities. Most notably, Sutter Medical Center Sacramento is located four blocks away. All tours must be scheduled with the Listing Agent. Please do not disturb management or tenants.
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0BEDS
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0.15ACRES
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0BATHS
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01/2 BATHS
School Information
Description
We are pleased to present a beautifully remodeled 12-unit apartment community for sale at 1626 27thStreet in Midtown Sacramento. The property was originally built in 1955 but went under extensive renovations in 2018. The 2018 renovation brought the building back down to the studs as everything functionally and cosmetically were replaced. The unit interiors, stucco siding, double pane windows, roof, and plumbing all are new. Though property was recently rehabbed, competitive rental comparables suggest that today's rent roll is more than 17% under market, giving the next savvy owner an opportunity to add value without having to spend capital expenditure dollars to get there. The property also features five income producing tuck under parking spots with private gated access into the courtyard. The property is located in one of the best rental locations in the entire California central valley. Nestled in the heart of Midtown, the property affords residents walking distance access to some of Sacramento's best entertainment and employment opportunities. Most notably, Sutter Medical Center Sacramento is located four blocks away. All tours must be scheduled with the Listing Agent. Please do not disturb management or tenants.
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