$1,500,000 Price Analysis    ♡   Sacramento, CA 95816 0 bed None bath 4,816 SqFt ($311/SqFt) 6,534SqFt lot. Built 1924 Listed 2024-06-05, Taxes $15,032 | Ⓧ USDA Ineligible due to price & location near Sacramento |
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 open 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 and dryer, updated kitchen and bathroo m, 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 imprssive rental demand and cash flow, making this a desirable opportunity for an investor or owner occupant. Please contact listing agent with further questions or for underwriting.
Presented by Jack B Scurfield at
Ken Turton, Broker.
Property MLS #224060825 from MetroList
Heating Features: Central
Yard Space
Patio And Porch Features: Balcony/Deck, Covered Patio, Varies by Unit
Lot Dimensions Source: Acres
Lot Size Acres: 0.15
Lot Size Source: Assessor Auto-Fill
Lot Size Square Feet: 6534
Parking Features: Detached, Street, Garage
Parking Total: 4
Gross Income: 114720
Income Includes: Storage, Parking
Calculated Total Monthly Association Fees: 0
Maintenance Expense: 9644
Number of Units: 4
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
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: 2250
Unit 2 Total Actual Rent: 2200
Unit 3 Total Actual Rent: 2250
Unit 4 Total Actual Rent: 2250
High School District: Sacramento Unified
Middle or Junior School District: Sacramento Unified
Map directions Map directions Map directions Map directionsCity Region: Sacramento
Source Listing Status: Active
County: Sacramento
Cross Street: 27th
Cap Rate: 4.87
Directions: P Street exit from Southbound I-80. Between 27th and 26th street on north side of P Street.
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
Other Expense: 3081
Source Property Type: Residential Income
Insurance Expense: 2258
Area: 10816
Source Neighborhood: 10816
Parcel Number: 007-0266-015-0000
Zoning Description: R-3A-SPD
Property Subtype: Quadruplex
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $900,648 + $348,464 $1,249,112 | $15,032 |
| 2022 | $882,989 + $341,632 $1,224,621 | $14,781 |
| 2021 | $865,676 + $334,934 $1,200,610 | $14,084 |
| 2020 | $856,800 + $331,500 $1,188,300 | $14,202 |
| 2019 | $675,988 + $289,709 $965,697 | $11,635 |
| 2018 | $662,734 + $284,029 $946,763 | $11,334 |
| 2017 | $649,740 + $278,460 $928,200 | $11,181 |
| 2016 | $637,000 + $273,000 $910,000 | $10,832 |
| 2015 | $166,643 + $50,701 $217,344 | $2,918 |
| 2014 | $163,379 + $49,708 $213,087 | $2,850 |
| 2013 | $162,641 + $49,484 $212,125 | $2,815 |
| 2012 | $159,452 + $48,514 $207,966 | $2,718 |
| 2011 | $156,326 + $47,563 $203,889 | $2,666 |
| 2010 | $155,158 + $47,208 $202,366 | $2,623 |
| 2009 | $155,527 + $47,321 $202,848 | $2,618 |
| 2008 | $152,478 + $46,394 $198,872 | $2,569 |
| 2007 | $149,489 + $45,485 $194,974 | $2,510 |
$1,500,000
MetroList
Listing removed 2024-07-25
$0
MetroList
Listed 2024-06-05
$1,500,000
MetroList
Sold 2019-04-09
$1,165,000
MetroList
Listed 2019-02-24
$1,220,000
MetroList
Listing removed 2019-01-22
$1,220,000
MetroList
Relisted 2019-01-18
$1,220,000
MetroList
Listing removed 2019-01-17
$1,220,000
MetroList
Listed 2018-10-23
$1,220,000
MetroList
Sold 2015-09-10
$910,000
Public Record
Year Built: 1924
Construction Materials: Concrete, Stucco
Foundation Details: Concrete
Living Area Source: Appraiser
Property Age: 100
Roof: Composition
Building Total Stories: 2
Structure Type: Apartments
House Style: Craftsman
Architectural Style: Craftsman
City
Electric
Internet Available
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.