Mixed Use 4 Apartments + Retail | 609-611 16th St
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Mixed Use 4 Apartments + Retail 609-611 16th St
4 Unit Apartment Building $1,300,000 ($325,000/Unit) 5.88% Cap Rate Sacramento, CA 95814
Investment Highlights
- Remodeled Units
- 100% Occupied
- On Site Laundry
- Retail tenant signed a new 18 month lease starting September 1st
- Gross monthly income of $9,100
Executive Summary
609-611 16th St is a mixed use building consisting of 4 apartments and retail coffee shop. The apartments are 1 bedroom 1 bathroom, completely remodeled. The coffee shop is updated and signed a a new lease. The apartments have mini split units providing central heat and air. The units are separately metered for gas and electric. There is a common laundry area for tenants convenience.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,300,000 | Apartment Style | Low Rise |
| Price Per Unit | $325,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 5.88% | Building Size | 3,600 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $1,300,000 |
| Price Per Unit | $325,000 |
| Sale Type | Investment |
| Cap Rate | 5.88% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 3,600 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
1 of 1
Walk Score ®
Walker's Paradise (96)
Bike Score ®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | 002-0173-002 | Total Assessment | $884,563 (2024) |
| Land Assessment | $235,883 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $648,680 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
002-0173-002
Land Assessment
$235,883 (2024)
Improvements Assessment
$648,680 (2024)
Total Assessment
$884,563 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | C-2 |
| C-2 |
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Mixed Use 4 Apartments + Retail | 609-611 16th St
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