605 15th Street Active Save Request In-Person Tour Request Virtual Tour
Sacramento,CA 95814
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 225142602
HOA Y/N No
Year Built 1920
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Other
Source MLS Metrolist
Property Description
We are pleased to present the opportunity to purchase 601-605 15th Street. This recently renovated two-story, 6,512 SF, mixed-use building is being offered for $1,895,000, reflective of a 7.8% capitalization rate based on a blended actual and proforma Net Operating Income of $147,635.61 creating a perfect opportunity for a restauranteur looking to make their first move into building ownership or an investor focused on mixed-use value-add investments. The approx. 3,764 SF ground floor restaurant space offers any potential users all the benefits of a well thought out second-generation spaces with kitchen complete with hood, sinks, floor drains and full bar buildout allowing flexible use as one contiguous space or leveraging the multiple street entrances and four separate restrooms for two distinct and separate concepts. Remodeled in 2020, the fully occupied four residential units offer tenants tasteful and timeless upgrades including LVP flooring, modern countertops, new dishwashers, cooktop and side-by-side refrigerators, washer/dryer hookups and modern frameless glass shower enclosures. Combined with the roughly 313 SF patio to make an inviting home for anyone looking for the Downtown/Midtown experience. Seller financing available.
Location
State CA
County Sacramento
Area 10814
Direction On the corner of F and 15th Street in the Alkali Flat neighborhood that borders Midtown and Downtown Sacramento.
Rooms
Other Rooms Unit-1 Type: Apartment Approx SqFt: 625 Bedrooms: 1 Full Baths: 1 Total Rooms: 1 Rent: 2400 SqFt Source: Not Measured Unit-2 Type: Apartment Approx SqFt: 625 Bedrooms: 1 Full Baths: 1 Total Rooms: 1 Rent: 2400 SqFt Source: Not Measured Unit-3 Type: Apartment Approx SqFt: 625 Bedrooms: 1 Full Baths: 1 Total Rooms: 1 Rent: 2200 SqFt Source: Not Measured Unit-4 Type: Apartment Approx SqFt: 873 Bedrooms: 2 Full Baths: 1 Total Rooms: 2 Rent: 2600 SqFt Source: Not Measured
Interior
Heating Separate
Cooling Ceiling Fan(s),Separate
Flooring Tile,Vinyl,Wood
Appliance Built-In Electric Oven,Gas Cook Top,Built-In Refrigerator,Dishwasher
Laundry Washer/Dryer Leased,Varies by Unit,Washer/Dryer Hookups
Exterior
Parking Features Street,Uncovered
Utilities Available City
Water Access Desc Public
View Downtown
Roof Type Flat
Porch Balcony/Deck
Total Parking Spaces 5
Building
Lot Description Corner,Sidewalk
Story 2
Foundation Concrete
Sewer Public Sewer
Water Public
Architectural Style Mid-Century
Level or Stories Two
Schools
Elementary Schools Sacramento Unified
Middle Schools Sacramento Unified
High Schools Sacramento Unified
School District Sacramento
Others
Senior Community No
Tax ID 002-0171-002
Space Rent $5,000
Special Listing Condition None