1700 V Street

Sacramento, CA 95818

PRICE REDUCED

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-$100,000 (-8.70%)

$1,050,000

List Price

N/A

bed Beds

shower Baths

3,593 sqft

straighten / sqft

1900

calendar_month Built

Property Description

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 Information

List Price $1,050,000
Status Active
MLS ML81972984
Type Residential Income
Subtype Triplex
Year Built 1900
Lot Size 3,327
Structure Size 3,593
DOM 35
Courtesy Of Cornish & Carey Commercial
Listing Agent Kelly Rivett DRE#01249433

Interior Features

Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Kelly Rivett, Cornish & Carey Commercial . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 16th, 2024 at 7:58 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.