$ 1,050,000
-
$1,050,000
Price -
4
Bed - Bath
-
3,593
SqFt
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About the Listing ML33684 - ML5070313
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.
Listing Highlights for 1700 V St
Status
Pending
Days on Site
422
Property Type
Multi-Family
MLS ®
ML81972984
Year Built
1900
Total Square Footage
3,593
Lot/Acreage
0.08
County
Sacramento
Area
699 - Not Defined
Interior Details
- Bedrooms: 4
- Bathrooms: Full
- Appliances: Gas Cooktop, Microwave
- Air Cond: Central Air
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: 1 car
- Parking Spaces: 2
- Zoning: R-3A
- Roof: Composition
- Others:
- Sewer: Public Sewer
- Parking Features: Off Street
Financial Details
- Tax Amount: $11,550
- Taxes w/Assessments: N/A
- Tax/Property ID: 00902150260000
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
1700 V St Sacramento, CA 95818
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