2300 N ST Sacramento, CA 95816

Gorgeous Midtown investment opportunity. Originally built in 1927 as a fourplex, although is now used as commercial office space. The 3,600 SF, two-story building is currently 100% leased to three long-time office tenants generating a net operating income of approximately $54,500. An owner-user can also occupy the entire second floor, measuring 1,800SF, within 60 days of closing and offset monthly expenses with income from two ground floor tenants. For the more adventurous value-add investor, the building (zoned R3A) can be converted back to a four-plex by right. The generously-sized 6,400SF lot currently parks 14 cars, but can accommodate the future development of 3-4 additional residential units including two ADUs. The Property is being offered at $1,095,000, which equates to a 5% cap rate on existing income. Seller can provide: i) full inspection report; ii) pest report; and iii) structural report upon request.