2420 S ST new Save Request In-Person Tour Request Virtual Tour
Sacramento,CA 95816
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,340 sqft
Price per Sqft $589
MLS Listing ID 225111767
HOA Y/N No
Year Built 1972
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type 5 or More Units
Source MLS Metrolist
Property Description
Brittain Commercial is pleased to present 2416-2420 S Street, a 16-unit apartment community located in the prime Newton Booth submarket of Midtown Sacramento. Positioned in one of Sacramento's most desirable neighborhoods, the property offers residents unmatched convenience and a vibrant lifestyle. Current residents enjoy proximity to Sutter's Fort State Historical Park, Sutter Medical Center, Temple Coffee, Sacramento Natural Foods Co-op, the Light Rail system, Downtown Sacramento, and California State University, Sacramento. The community is surrounded by eclectic dining, live music venues, art galleries, and boutique shoppingplacing residents at the heart of Midtown's energy. Easy freeway access further enhances connectivity throughout the region. Under the same ownership since 1991, the property has been exceptionally maintained. The majority of units have been upgraded and are achieving market rents, while seven long-term tenancy units remain unrenovated, providing substantial upside through interior improvements and lease adjustments. This loss-to-lease opportunity positions new ownership to significantly enhanced NOI. There are 9 off-street parking spaces that can be rented separately for additional income. Common area maintenance fee of $35 per unit is currently in place
Location
State CA
County Sacramento
Area 10816
Direction S Street to 2416-2420 S St
Interior
Flooring Carpet,Tile,Wood
Appliance Microwave,Free Standing Electric Oven
Laundry Coin Operated,Washer/Dryer Leased
Exterior
Parking Features Uncovered
Utilities Available Electric
Water Access Desc Public
Roof Type Flat
Total Parking Spaces 9
Building
Lot Description Curbs/Gutters
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Schools
Elementary Schools Sacramento Unified
Middle Schools Sacramento Unified
High Schools Sacramento Unified
School District Sacramento
Others
Senior Community No
Tax ID 010-0042-006-0000
Special Listing Condition None