Active
2615 P Street
Sacramento CA, 95816
$1,500,000
$418.53 per sqft
Active
4 Beds
4 Baths
3,584 sqft
Multi-family
Built in 1924
2615 P Street represents one of Midtown's most premier multifamily offerings in the GRID, with stable cash flow and additional value-add opportunity through ADU (Accessory Dwelling Unit) development on the back half of the 0.15 acre parcel. The Property is being offered for sale at $1,500,000.00, reflective of a 4.87% capitalization rate on actual income and operating expenses, with reassessed property taxes. The fourplex consists of four, nearly identical, one bedroom one bathroom units with spacious 900 square foot floor plates consisting of living room, dining room, kitchen, bathroom, bedroom, and laundry room. The Property has had several tasteful renovations made to modernize the residents living experience while retaining the craftsman charm of this 1924 build. All units boast an in-unit washer & dryer, updated kitchen & bathroom, mini split HVAC system, hardwood floors, impressive natural light, and an extremely stable rental history. The Property's location, quality of rental units, and ideal unit mix, generate impressive rental demand and cash flow, making this a very desirable opportunity for an investor or owner occupant. Please contact listing agent with further questions or for underwriting.
224060825
MLSⓇ ID
June 5, 2024
Listed
September 27, 2024
Updated
Map
2615 P Street
Sacramento CA, 95816
Interior Features
Total Stories
2
Bedrooms
4
Total Bathrooms
4
Full Bathrooms
4
Interior Features
Storage
Floor Description
Wood
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.15 Acres
Architectual Style
Craftsman
Roof
Composition
Sewer
Public Sewer
School Information
School District
Sacramento Unified
Other Property Details
Garage
Yes
Parking
Detached, Garage, On Street
Parking Total
4
View
No
County
Sacramento
Water Source
Public
Pool
No
Zoning
R-3A-SPD
Listing History
Date | Event | Price |
---|---|---|
7/30/2024 | Active | — |
7/9/2024 | Pending | — |
Courtesy of Ken Turton, Broker, Jack Scurfield,
Listing Contact:
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