$1,375,000 Price Analysis    ♡   Sacramento, CA 95816 0 bed None bath 4,558 SqFt ($301/SqFt) 3,049SqFt lot. Built 1905 Listed 2024-07-09, Taxes $9,310 | Ⓧ USDA Ineligible due to price & location near Sacramento |
Presenting a rare investment opportunity in the heart of vibrant Midtown Sacramento: 916-918 24th Street.
This mixed-use property boasts a winning combination of retail potential and consistent rental income. Two comfortable 2-bedroom/1-bathroom units and two big 1-bedroom/1-bathroom units, all attracting a steady stream of renters seeking the Midtown lifestyle. Two practical 800 sq ft retail spaces on the ground floor, perfect for local businesses to capitalize on the neighborhood's foot traffic.
A recently replaced roof (2018) ensures peace of mind and minimizes maintenance costs. Unbeatable location offers long term stability and potential rental upside. On-site laundry facilities provide an attractive amenity for tenants, while a secure and gated rear yard adds an extra layer of security and ptential outdoor space. This is your chance to own a property that thrives amid a flourishing community.
Presented by Jonathan A Hunt at
J.A. Hunt.
Property MLS #224063421 from MetroList
Microwave
Dishwasher
Laundry Features: In Common Area
Heating Features: Varies by Unit, Natural Gas
Patio And Porch Features: Enclosed Patio
Lot Dimensions Source: Acres
Lot Size Acres: 0.0699954
Lot Size Source: Assessor Auto-Fill
Topography: Level, Level
Lot Size Square Feet: 3049
Gross Income: 110400
Income Includes: Rent Only
Calculated Total Monthly Association Fees: 0
Number of Units: 6
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Unit 1 Total Actual Rent: 1600
Unit 2 Total Actual Rent: 1650
Unit 3 Total Actual Rent: 1600
Unit 4 Total Actual Rent: 1600
High School District: Sacramento Unified
Middle or Junior School District: Sacramento Unified
Map directions Map directions Map directions Map directionsSource Listing Status: Active
County: Sacramento
Cross Street: J
Cap Rate: 4.83
Directions: From Capital City Freeway exit E St or H St and proceed South to I Street and proceed West to 24th Street. Turn left (south) on 24th Street, property will be on right side.
Disclaimer: All measurements and calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Copyright 2024, MetroList Services, Inc. Any offer of compensation in the real estate content on this site is made exclusively to Broker Participants of the MetroList MLS & Broker Participants of any
Source Property Type: Residential Income
Area: 10816
Source Neighborhood: 10816
Parcel Number: 007-0026-013-0000
Postal Code Plus 4: 4706
Zoning Description: C-2-MC
Property Subtype: 5 or More Units
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $605,595 + $125,650 $731,245 | $9,310 |
| 2022 | $593,721 + $123,187 $716,908 | $9,147 |
| 2021 | $582,080 + $120,772 $702,852 | $8,724 |
| 2020 | $576,112 + $119,534 $695,646 | $8,779 |
| 2019 | $564,816 + $117,191 $682,007 | $8,595 |
| 2018 | $553,742 + $114,894 $668,636 | $8,373 |
| 2017 | $542,885 + $112,642 $655,527 | $8,253 |
| 2016 | $532,241 + $110,434 $642,675 | $8,075 |
| 2015 | $524,247 + $108,776 $633,023 | $7,851 |
| 2014 | $513,978 + $106,646 $620,624 | $7,649 |
| 2013 | $456,127 + $94,644 $550,771 | $6,857 |
| 2012 | $389,852 + $80,893 $470,745 | $5,755 |
| 2011 | $389,852 + $80,893 $470,745 | $5,744 |
| 2010 | $406,097 + $84,264 $490,361 | $5,904 |
| 2009 | $406,097 + $84,264 $490,361 | $5,883 |
| 2008 | $479,681 + $99,533 $579,214 | $6,848 |
| 2007 | $470,276 + $97,582 $567,858 | $6,684 |
$1,375,000
MetroList
Listing removed 2024-07-25
$0
MetroList
Listed 2024-07-09
$1,375,000
MetroList
Sold 2002-06-27
$515,000
Public Record
Sold 1979-12-28
$117,000
Public Record
Operating Expense: 43865
Year Built: 1905
Construction Materials: Shingle Siding, Lap Siding
Foundation Details: Brick/Mortar
Levels: Three
Living Area Source: Assessor Auto-Fill
Property Age: 119
Roof: Composition, Elastomeric
Building Total Stories: 3
Structure Type: Apartments, Mixed Use
House Style: Craftsman
Architectural Style: Craftsman
Repairs
Insurance
Maintenance Grounds
Utilities
Maintenance Structure
Vacancy Allowance
Manager
Water/Sewer
Common Area Meter
Electricity
Gas
Apartment
Apartment
Apartment
Natural Gas Connected
Electric
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.