An opportunity to acquire 1421 G Street, a classic 3-story walk up apartment building in Mansion Flats, a desirable submarket of Downtown Sacramento, Ca. Built in 1916, this well preserved and Pride of Ownership property runs street to alley and fronts G Street, between 14th and 15th Street. 1421 resides on a .15/acre parcel and offers an investor 6-spacious one-bedroom/ one bath units ( approximately 1,000sf each) and a detached 5-car garage. All apartments units and garages are leased by working professionals, Income upside can be achieved through rent increases and the implementation of a utility reimbursement program. Current rents, on average are 20% below market rents averaging $1,512 a unit. With units this size and in this location, market rents should fetch $1,750 a month or $1.75 sf. Recent Capital Improvements include a new roof, new exterior paint, and a new rear stairwell.
|LAST UPDATED||6/10/2021||YEAR BUILT||1916|
|COMMUNITY||Sacramento Midtown||GARAGE SPACES||3.0|
|PROPERTY TYPE(S)||Multi Family|
|School District||Sacramento City Unified|
|AIR||Window / Wall Unit|
|GARAGE||Detached Garage, Metered or Fee, Yes|
|LOT||6399 sq ft|
|SEWER||Sewer: Sewer - Public|
TOTAL MONTHLY PAYMENT
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. All real estate listings in the MLSListings MLS system are marked with the MLSListings Internet Data Exchange icon (a stylized house inside a circle), and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of 6/19/21 2:54 AM PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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