$950,000
$1,050,000
9.5%For more information regarding the value of a property, please contact us for a free consultation.
3,327 Sqft Lot
SOLD DATE : 11/13/2024
Key Details
Sold Price $950,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81972961
Sold Date 11/13/24
HOA Y/N No
Year Built 1900
Annual Tax Amount $11,550
Lot Size 3,327 Sqft
Property Description
Seller may carry a 1st Mtg! An investor/user opportunity to acquire 1700 V Street, a 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 of 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 approximately 1,390 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 a market operator at twice the amount at current rate. Three apartment units occupy the remaining space within the building, with one studio unit on the ground floor, and two- 2/1 bath apartment flats on the second story. The studio is approximately 400 square feet, and is occupied by a long term month-month tenant paying 50% under market, presenting immediate income upside. Upstairs, there are two- 2 bedroom/ 1 bath apartment flats that were beautifully renovated in 2024. Building/unit renovations include but not limited to: new exterior paint, new central heat/air, dual pane windows, refer, stove, faucets, lighting, luxury vinyl plank flooring, interior paint, toilet, hardware, doors, etc. The building is 100% occupied.
Location
State CA
County Sacramento
Area 699 - Not Defined
Zoning R-3A
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Roof Type Composition
Present Use Commercial,Multi-Family
Total Parking Spaces 2
Building
Story 2
Water Public
Others
Tax ID 00902150260000
Financing Cash
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Jimmy James Tan
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
4016 Grand Ave Suite A # 1082, Chino, CA, 91710, United States