2615 P ST Active Save Request In-Person Tour Request Virtual Tour
Sacramento,CA 95816
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 224060825
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1924
Lot Size 6,534 Sqft
Acres 0.15
Property Description
2615 P Street represents one of Midtown's most premier multifamily offerings in the GRID, with stable cash flow and additional value-add opportunity through ADU (Accessory Dwelling Unit) development on the back half of the 0.15 acre parcel. The Property is being offered for sale at $1,500,000.00, reflective of a 4.87% capitalization rate on actual income and operating expenses, with reassessed property taxes. The fourplex consists of four, nearly identical, one bedroom one bathroom units with spacious 900 square foot floor plates consisting of living room, dining room, kitchen, bathroom, bedroom, and laundry room. The Property has had several tasteful renovations made to modernize the residents living experience while retaining the craftsman charm of this 1924 build. All units boast an in-unit washer & dryer, updated kitchen & bathroom, mini split HVAC system, hardwood floors, impressive natural light, and an extremely stable rental history. The Property's location, quality of rental units, and ideal unit mix, generate impressive rental demand and cash flow, making this a very desirable opportunity for an investor or owner occupant. Please contact listing agent with further questions or for underwriting.
Location
State CA
County Sacramento
Area 10816
Direction P Street exit from Southbound I-80. Between 27th and 26th street on north side of P Street.
Rooms
Basement Storage Area,Partial
Interior
Heating Central
Cooling Central
Flooring Wood,Varies by Unit
Laundry In Each Unit
Exterior
Exterior Feature Fenced Yard,Yard Space
Garage Detached,Street,Garage
Utilities Available City,Electric,Internet Available
Water Access Desc Public
Roof Type Composition
Porch Balcony/Deck,Covered Patio,Varies by Unit
Total Parking Spaces 4
Building
Lot Description Landscape Back,Landscape Front
Foundation Concrete
Sewer Public Sewer
Water Public
Architectural Style Craftsman
Schools
Elementary Schools Sacramento Unified
Middle Schools Sacramento Unified
High Schools Sacramento Unified
School District Sacramento
Others
Senior Community No
Tax ID 007-0266-015-0000
Special Listing Condition None