Active
1722 V Street
Sacramento CA, 95818
$1,820,000
$705.43 per sqft
Active
6 Beds
4 Baths
2,580 sqft
Multi-family
Built in 1960
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.
224091741
MLSⓇ ID
August 28, 2024
Listed
November 4, 2024
Updated
Map
1722 V Street
Sacramento CA, 95818
Interior Features
Total Stories
2
Bedrooms
6
Total Bathrooms
4
Full Bathrooms
4
Interior Features
Carpet, Laminate, Linoleum
Appliances
Free-Standing Refrigerator, Dishwasher, Free-Standing Electric Range
Laundry Description
Common Area
Floor Description
Carpet, Laminate, Linoleum
Fireplace
No
Cooling
Yes
Cooling Description
Ceiling Fan(s), Window Unit(s)
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.15 Acres
Roof
Composition
Sewer
Public Sewer
School Information
School District
Sacramento Unified
Other Property Details
Garage
Yes
Parking
Attached, Off Street, Open, On Street
Parking Total
6
View
No
County
Sacramento
Water Source
Public
Pool
No
Zoning
R-3A
Listing History
Date | Event | Price |
---|---|---|
11/4/2024 | Price change | $1,820,000 -7% |
Courtesy of J.A. Hunt, Jonathan Hunt,
Listing Contact:
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