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Listed by Kelly Rivett • Cornish & Carey Commercial

$1,050,000

Est. payment - /mo

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3,593 SqFt

Pending

1700 V Street Sacramento, CA 95818

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Daniel Ripper

[email protected] +1(415) 205-6312

UPDATED:

10/17/2024 01:23 AM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Pending

Purchase Type For Sale

Square Footage 3,593 sqft

Price per Sqft $292

MLS Listing ID ML81972984

HOA Y/N No

Originating Board Datashare MLSListings

Year Built 1900

Lot Size 3,327 Sqft

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.

Location

State CA

County Sacramento

Interior

Heating Forced Air

Fireplace No

Window Features Double Pane Windows

Building

Water Public

Schools

School District Sacramento City Unified, Sacramento City Unified

© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

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Daniel Ripper

Broker Associate | License ID: 01382609

+1(415) 205-6312

Daniel Ripper

1700 V Street Sacramento, CA 95818

Daniel Ripper

Key Details

Location

Interior

Building

Schools

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1700 V Street