CA > Sacramento
Sacramento, CA 95816,2615 P ST
Sacramento, CA 95816,2615 P ST
Sacramento, CA 95816,2615 P ST
Sacramento, CA 95816,2615 P ST
Sacramento, CA 95816,2615 P ST
Sacramento, CA 95816,2615 P ST
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Natalie Clark

Natalie Clark

+1(714) 322-6797
$ 1,500,000
Est. payment | /mo

6,534 Sqft Lot

Save
$ 1,500,000
Est. payment | /mo
Save

6,534 Sqft Lot

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

MetroList® Services, Inc (RESO)
Listed by Ken Turton, Broker
agent-avatar

+1(714) 322-6797

natalie.clark7@gmail.com

Stockton, California

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