1700 V Street, Sacramento, CA 95818
-
Listed Price :
$1,050,000
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Beds :
N/A
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Baths :
-
Property Size :
3,593 sqft
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Year Built :
1900
Property Description
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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Interior Information |
| Cooling Type |
Central Air |
Listing Information
| Address |
1700 V Street |
| City |
Sacramento |
| State |
CA |
| Zip |
95818 |
| County |
Sacramento |
| Listing Agent |
Kelly Rivett DRE #01249433 |
| Courtesy Of |
Cornish & Carey Commercial |
| List Price |
$1,050,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Triplex |
| Structure Size |
3,593 |
| Lot Size |
3,327 |
| Year Built |
1900 |
Listing information courtesy of: Kelly Rivett, Cornish & Carey Commercial. *Based on information from the Association of REALTORS/Multiple Listing as of Aug 16th, 2024 at 7:58 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
