1722 V Street
$1,820,000
6
4
4,825
4,825
$377
Description
This exceptional 8-unit apartment building, nestled in the coveted Richmond Grove neighborhood of Sacramento, presents a unique opportunity for investors seeking a stable, income-generating asset. Under the careful stewardship of the same family for over 50 years, this property has consistently maintained high occupancy rates and reliable rental income. This fully occupied, turnkey property offers immediate cash flow and minimal management requirements. Situated in the desirable Richmond Grove neighborhood,...This exceptional 8-unit apartment building, nestled in the coveted Richmond Grove neighborhood of Sacramento, presents a unique opportunity for investors seeking a stable, income-generating asset. Under the careful stewardship of the same family for over 50 years, this property has consistently maintained high occupancy rates and reliable rental income. This fully occupied, turnkey property offers immediate cash flow and minimal management requirements. Situated in the desirable Richmond Grove neighborhood, it benefits from easy access to shopping, dining, entertainment, transportation, healthcare and major employers. The high demand for rental housing in the Midtown Sacramento area supports strong rental income and long-term stability. Investment highlights include potential for long-term appreciation & rental upside. Improvements include tankless water heaters, a repaved parking lot, a new roof, a fresh coat of paint, upgraded electrical subpanels, partially upgraded plumbing system to copper & dual-pane windows. Seller will consider carrying a first position note subject to approval and terms to be negotiated. This is an opportunity to acquire prime real estate in one of Sacramento's most sought after locales.
- Listed by Jonathan Hunt • DRE #01309254 • J.A. HuntP: (916)-747-8229 jhunt@jahunt.com
Property Details for 1722 V Street
Parking Features
Attached, Off Street, Open, Street
ZoningR-3A
LISTING UPDATED: 11/04/2024 01:31 PM
Property Details for 1722 V Street
Status | Active |
---|---|
MLS # | 224091741 |
Days on Compass | 115 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / 5 or More Units |
Year Built | 1960 |
Lot Size | 0.15 AC / 6,534 SF |
County | Sacramento County |
Building Information for 1722 V Street
Stories2Residences8Year Built1960Building Size-Lot Size0.15 AC / 6,534 SF
Property Information for 1722 V Street
Property History for 1722 V Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1722 V Street
Taxable ValueLand$22,678Additions$147,738Total$170,416
Tax Record2024$2,999 ($250 / month)
Home Facts
Total Finished SqFt4,825 SqFtAbove Grade Finished SqFt4,825 SqFtStories2Lot Size6,534 SqFtStyleMulti-Family Res (5+ Units)Year Built1969ZoningR-3A-SPDCountySACRAMENTOAPN009-0215-008-0000
Schools near 1722 V Street
This home is within Sacramento City Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
William Land Elementary School PublicK to 6 | ||
Miwok Middle Public7 to 8 | ||
C. K. Mcclatchy High School Public9 to 12 | ||
The Met School Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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