2009 N Street

Sacramento, CA 95811

$2,050,000
Price
Beds
5,900 Sq. Ft.
$347 / Sq. Ft.
5,900
Sq. Ft.
$347
per Sq. Ft.

Description

Newmark, as the exclusive advisor, is pleased to present a prime investment opportunity at 2009 N Street, Sacramento, CA, a fully leased, fee simple property promising stable returns in a thriving urban locale. Priced at $2,050,000 and an acquisition Cap Rate of 5%, this dynamic investment property boasts two distinct buildings: 2009 N ST- a colonial structure with three modern and renovated residential flats, and the other, 2009 Matsui Alley-Federalist Pizza- a trend-setting pizza restaurant and...Newmark, as the exclusive advisor, is pleased to present a prime investment opportunity at 2009 N Street, Sacramento, CA, a fully leased, fee simple property promising stable returns in a thriving urban locale. Priced at $2,050,000 and an acquisition Cap Rate of 5%, this dynamic investment property boasts two distinct buildings: 2009 N ST- a colonial structure with three modern and renovated residential flats, and the other, 2009 Matsui Alley-Federalist Pizza- a trend-setting pizza restaurant and taproom within 7 creatively re-purposed shipping containers. The combination of robust residential leasing and a strong commercial presence provides investors with a balanced portfolio offering long-term stability and profitability. Don't miss the chance to own this exceptional investment property, perfectly positioned to capitalize on Sacramento's real estate growth and dynamic urban lifestyle.
  1. Listed by Kelly Rivett • DRE #01249433 • Brokerage DRE #00586119 • Cornish & Carey Commercial • 916-569-2385

Property Details for 2009 N Street

MLS City Name
SACRAMENTO
Building Type
TRIPLEX
Style
Colonial, Custom
Garage Spaces
0
Parking Spaces
0
Cross Street
20th St or 21st
LISTING UPDATED: 11/12/2024 11:00 AM

Property Details for 2009 N Street

StatusActive
MLS #ML81985833
Days on Compass15
Taxes$22,550 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / TRIPLEX
Year Built2014
Lot Size0.15 AC / 6,534 SF
CountySacramento County

Building Information for 2009 N Street

Stories1Residences3Year Built2014Building Size-Lot Size0.15 AC / 6,534 SF

Property Information for 2009 N Street

Features
Features
  • Fireplace: No
  • Living SqFt: 5900
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Central AC
  • Heating: Forced Air
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: On Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Sacramento Midtown
  • Roof: Composition, Metal
  • Subclass: Triplex
  • Year Built Source: Assessor
  • Street Number: 2009
  • Street Name: N
  • Street Suffix: Street
  • Area ID: 10811
Lot / Property Details
Building Information
  • Number Of Stories: 1
  • Number of Buildings: 2
  • Structure SqFt: 5900
  • Structure SqFt Source: Other
  • Age: 10
Development Information
  • Construction Type: Modular, Steel, Wood, Wood Frame
  • Zoning Detail: C-2
Location Information
  • City Limits: Yes
  • Directions: 2009 N St is located midway between 20th and 21st St. Behind 2009 N St, 2009 Matsui Alley (Federalist Pizza) is accessed between 20th and 21st St and Capital and N St.
  • Incorporated: No
  • Parcel Number: 007-0146-011-0000
  • County Name: Sacramento
  • City Name: SACRAMENTO
  • City Postal ID: 235
  • Postal Code: 95811
  • Elementary School District: 1848
  • High School District Text: Sacramento City Unified
Lot Information
  • Foundation: Steel Frame
  • Horse Property: No
  • Lot Acres: .15
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 4
General Information
  • Annual Tax Amount: $22,550
  • Building Unit Total: 3
  • Capitalization Rate: 5.02
  • Tenant Expenses: Rent Only, Utilities - Electric
  • Income Includes: None
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $7,300
  • Expense Landscape: $0
  • Expense Maintenance: $2,250
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $2,100
  • Expenses Utility: $6,000
  • Expenses Total: $40,200
  • Operating Expenses Include: Fee - Association, Fee - Property Tax, Insurance, Maintenance - Repair, Services - Sewer, Utilities - Water
  • Gross Rent Multiplier: 13.90
  • Income Annual Gross: $143,056
  • Income Annual Rental: $147,480
  • Income Gross Scheduled: $147,480
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 0
  • Unit 1 Rent: $1,200
Unit 2 Information
  • Unit 2 Approx Square Footage: 1650
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 3
  • Unit 2 Rent: $2,950
Unit 3 Information
  • Unit 3 Approx Square Footage: 2800
  • Unit 3 Full Bathrooms: 2
  • Unit 3 Number of Bedrooms: 3
  • Unit 3 Rent: $2,800
Unit 4 Information
  • Unit 4 Approx Square Footage: 2200
  • Unit 4 Full Bathrooms: 2
  • Unit 4 Rent: $5,340
Unit Type 1
  • Unit Type1 Approx SqFt: 500

Property History for 2009 N Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2009 N Street

Taxable ValueLand$577,422Additions$1,113,228Total$1,690,650
Tax Record2024$20,890 ($1,741 / month)
Home Facts
Baths3Total Finished SqFt2,240 SqFtAbove Grade Finished SqFt2,240 SqFtStories1Lot Size6,534 SqFtStyleRestaurantYear Built2014ZoningC-2-SPDCountySACRAMENTOAPN007-0146-011-0000

Schools near 2009 N 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
Theodore Judah 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

2009 N Street is a multi-family home for sale in Sacramento, CA 95811. This property was listed for sale on November 6, 2024 by Cornish & Carey Commercial, it's currently listed at $2,050,000. It has been on the market for a total of 15 days and was last sold on June 30, 2022. This listing's school district is Sacramento City Unified School District. Nearby schools include Theodore Judah Elementary School, Miwok Middle and C. K. Mcclatchy High School. 2009 N Street is a 0-bed, 0-bath, 5,900 sqft multi-family home built in 2014.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Cornish & Carey Commercial, Kelly Rivett, DRE #01249433

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.