Address
1720 N Street, Sacramento, CA
Price
$ 3,298,000
Property Attributes
- MLS#224027091
- TypeIncome
- CountySACRAMENTO
- CitySacramento
- AreaSacramento
- Zip95811
- Style5 or More Units
- Price$ 3,298,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size6,534 SqFt
Data Source:
MetroList MLS
Property Description
Turton Commercial Real Estate is please to exclusively offer for sale 1720 N Street, dubbed the Ambassador Gardens'', and herein referenced as the Property'', as a rare opportunity to acquire a centrally located multifamily asset in the urban core of Sacramento. The Property is being offered for sale at $3,298,000, representing pricing of approximately $235,571 per unit. Consisting of 14 residential units, a laundry room with coin operated machines, and covered parking, Ambassador Gardens provides a healthy unit mix of one 3 bedroom 1.5 bathroom floorplan, one two bed one bath, eight 1 bed 1 bath units, and four studio options. The Property is currently 71% occupied and has just received over $100,000 in various improvements including vacant unit renovations, new fixtures and appliances, fresh exterior paint, and a new water heater. Ambassador Gardens is poised for stabilization to 100% occupancy at market rents and represents a strong value-add'' opportunity for any multifamily investor.
| Price History | |
|---|---|
| 3/21/2024 | Listed $3,298,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Electric,Hot Water |
| Cooling | Window Unit(s) |
| Utilities | City |
| Unit 1 Rent | 1600 |
| Garage Spaces | 0.0 |
| Construction Materials | Brick,Stucco,Frame,Glass |
| Year Built | 1952 |
| Tenant Pays | Electricity,Water |
| Stories | 2 |
| Levels | Two |
| Property SubType | 5 or More Units |
| County | Sacramento |
| Property Type | ResidentialIncome |
| HOA / Comm Assn | No |
| Close Price | 0.0 |
| Status | Active |
| Directions | Down N Street between 17th & 18th. |
| City | Sacramento |
| Buyer Agent Compensation | 2 |
| High School District | Sacramento Unified |
| Zoning Description | R-3A-SPD |
| Open Parking Spaces | 0.0 |
| Total Units | 14 |
| MLS Area | 10811 |
| Lot Size Square Feet | 6534.0 |
| Carport Spaces | 0.0 |
| Street Name | N Street |
| Standard Status | Active |
| Middle/Junior School District | Sacramento Unified |
| Elementary School District | Sacramento Unified |
| Year Built Source | Assessor Auto-Fill |
| Buyer Agent Compensation Type | Percent |
Interior Features
| Basement | Other |
|---|---|
| Flooring | Simulated Wood,Laminate,Wood,Varies by Unit |
| Total Stories | 2 |
| Furnished Units | None |
| Unit 1 Full Baths | 1 |
| Unit1Bedrooms | 2 |
| Laundry Features | Coin Operated |
| Unit 1 Bedroom Units Total | 8 |
| Unit 2 Bedroom Units Total | 1 |
| Unit 3 Bedroom Units Total | 1 |
| UnitTypeStudioUnitsTotal | 4 |
Exterior Features
| Parking Features | Covered,Street |
|---|---|
| Lot Features | Landscape Front |
| Water Source | Public |
| Total Parking | 3.0 |
| Foundation Details | BrickMortar,Concrete |
| Number of Buildings | 1 |
| Lot Size Acres | 0.15 |
| Lot Size Source | Assessor Auto-Fill |
| Covered Spaces | 0.0 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 95811
Price
Visits
Year Built
All measurements and all 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. Data maintained by MetroList© may not reflect all real estate activity in the market.
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MetroList CA data last updated: May 5, 2024 3:54 PM UTC 