For Sale
$1,200,000

712 20Th StSacramento, CA 95811

Four-unit building, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a meticulously maintained four-unit apartment building ideally situated in Sacramento's vibrant Midtown neighborhood. The property, boasting a desirable location at 712 20th Street, comprises a diverse mix of units: one 1-bedroom/1-bathroom (700 sq ft), one 2-bedroom/1-bathroom (800 sq ft), one 2-bedroom/2-bathroom (700 sq ft), and one 3-bedroom/2-bathroom (1000 sq ft) unit, totaling 3,509 square feet of living space. Built in 1985 on a 0.07-acre lot, this two-story Victorian-style building features a pitched composition roof and wood siding. Recent upgrades include updated plumbing and electrical systems, enhancing both efficiency and longevity. Modern amenities within each unit include laminate flooring, granite countertops, freshly painted kitchen cabinets, vinyl windows, recessed ceiling lighting, in-unit washers and dryers, and ceiling fans. Central heating and air conditioning provide year-round comfort. Currently operating at 100% occupancy, the property generates a substantial Net Operating Income (NOI) of $64,338, representing a 5.36% capitalization rate. The asking price is $1,200,000, or $300,000 per unit. Water, sewer, and garbage are currently paid by the owner

Highlights

  • 1985 construction.
  • Diverse unit mix of one-, two-, and three-bedroom apartments.
  • Remodeled, spacious units.
  • Updated plumbing and electrical systems.
  • Central heating and air conditioning.
  • In-unit washer/dryer hookups.

Property Details for 712 20Th St

Property type
Apartment buildings
Year Built
1985
Buildings
1
Stories
2
Lot Size (sq. ft)
3,049 SF
Units
4

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.5796678
Longitude
-121.4788907
712 20Th St, Sacramento, California

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712 20Th St
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