2518 X StSacramento, CA 95818

This exceptional 7-unit apartment building, located in Sacramento, CA (zip code 95818), presents a compelling investment opportunity. The property, situated on a 0.15-acre lot, boasts 5,800 square feet of living space and is currently operating at 100% occupancy. Built in 1974, this two-story building features a mix of one, two, and three-bedroom units, offering a desirable rental mix. The asking price is $1,475,000, translating to $210,714 per unit and a price per square foot of $254.31. The property generates a strong Net Operating Income (NOI) of $77,585, resulting in a 5.26% capitalization rate. Features include central heating and air conditioning, off-street parking, on-site laundry facilities, and a secured gated entrance. Many units have been recently updated with new flooring, paint, appliances, kitchen, and bathroom improvements. The property's location near major highways, Midtown Sacramento, Land Park, and Curtis Park provides convenient access to employment, shopping, and dining options, as well as attractions like the Golden 1 Center and Sacramento Airport. Potential for increased revenue exists through rent adjustments, additional parking fees, and implementing a Ratio Utility Billing System (RUBS). The property's APN is 010-0233-008 and is zoned RO-SPD.