1416 22nd St | 1416 22nd St
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1416 22nd St 1416 22nd St
5 Unit Block of Flats £882,461 (£176,492/Unit) 5% Net Initial Yield Sacramento, CA 95816
Investment Highlights
- Premier location in the heart of Midtown Sacramento
- Attractive unit mix for younger working professionals
- Walking distance to Sutter General Hospital, R Street Corridor, and multiple popular restaurants/bars
Executive Summary
Marcus & Millichap is pleased to present 1416 22nd Street, a 5 unit asset in the heart of Midtown Sacramento built in 1910. The property features a mix of Studios and 1 bedroom units that attract younger professionals who prefer to live a minimalist lifestyle in the heart of the Grid. Tenants are attracted to the premier location and walkability to surrounding amenities that this location offers. 1416 22nd Street is short walking distance to some of Sacramento's most popular restaurants, boutique retail, and nightlife. It is also centrally located to some of the City's most major employers such as Sutter General Hospital, The State Capitol, and the Central Business District. The next investor will capture the upside of this property by focusing on interior upgrades such as new kitchen appliances, new finishes in the bathrooms, all while maintaining the charm the exterior emulates.
Property Facts
| Price | £882,461 | Building Class | C |
| Price Per Unit | £176,492 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 2,746 SF |
| Net Initial Yield | 5% | Average Occupancy | 97% |
| No. Units | 5 | Number of Floors | 3 |
| Property Type | Residential | Year Built | 1915 |
| Property Subtype | Apartment | Parking Ratio | 0.73/1,000 SF |
| Apartment Style | Low Rise |
| Price | £882,461 |
| Price Per Unit | £176,492 |
| Sale Type | Investment |
| Net Initial Yield | 5% |
| No. Units | 5 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 2,746 SF |
| Average Occupancy | 97% |
| Number of Floors | 3 |
| Year Built | 1915 |
| Parking Ratio | 0.73/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 519 - 636 |
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Walk Score ®
Walker's Paradise (94)
Bike Score ®
Biker's Paradise (99)
zoning
| Zoning Code | R3A, Sacramento |
| R3A, Sacramento |
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Sutter McLoughlin -
Power Broker David DeLoney -
Power Broker Tony DeLoney -
Marcus & Millichap
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1416 22nd St | 1416 22nd St
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