Seller may carry a 1st MTG! An investor/user opportunity to acquire 1700 V Street, 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 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 comprised of approximately1,390 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 an market operator at twice the amount of current rate. Three apartment units occupy the remaining space within the building, with one studio unit on the ground floor, and two-2/1 apartment flats on the second story. The studio is approximately 400 square feet, and is occupied by a long term month-to-month tenant paying 50% under market, presenting immediate income upside. Upstairs, there are are two/2bed/1bath apartment flats that were beatifically remodeled in 2024. Building/unit renovations include but are not limited to: New exterior paint, new central heat/air, dual pane windows, refer, stove, faucets, lighting, luxury plank flooring, interior paint, toilet, hardware, doors, etc. The building is 100% occupied.
Property Details
Price:
$1,050,000
MLS #:
ML81972984
Status:
Pending
Baths:
0
Address:
1700 V Street
Type:
Residential Income
Subtype:
Triplex
Neighborhood:
699notdefined
City:
Sacramento
Listed Date:
Jul 12, 2024
State:
CA
ZIP:
95818
Lot Size:
3,327 sqft / 0.08 acres (approx)
Year Built:
1900
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Schools
Interior
Accessibility Features
None
Appliances
Gas Cooktop, Microwave
Cooling
Central Air
Heating
Central
Exterior
Foundation Details
Slab
Garage Spaces
1.00
Parking Features
Off Street
Parking Spots
2.00
Roof
Composition
Security Features
Security Lights
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address1700 V Street Sacramento CA
- Area699 – Not Defined
- CitySacramento
- CountySacramento
- Zip Code95818
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Courtesy of Cornish & Carey Commercial. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1700 V Street
Sacramento, CA
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