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:  

Data maintained by METROLIST® may not reflect all real estate activity in the market. All information has been provided by seller/other sources and has not been verified by broker. All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. All interested persons should independently verify the accuracy of all information. All real estate advertising placed by anyone through this service for real properties in the United States is subject to the US Federal Fair Housing Act of 1968, as amended, which makes it illegal to advertise 'any preference, limitation or discrimination because of race, color, religion, sex, handicap, family status or national origin or an intention to make any such preference, limitation or discrimination.' This service will not knowingly accept any advertisement for real estate which is in violation of the law. Our readers are hereby informed that all dwellings, under the jurisdiction of U.S. Federal regulations, advertised in this service are available on an equal opportunity basis. 

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