2300 N Street
2300 N Street
$1,020,000
8
4
—
—
—
Closed 1/29/21
Description
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...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.
- Listed by Jon Lang • DRE #01934934 • Ken Turton, Broker
Property Details for 2300 N Street
Parking Features
1+ Space Per Unit
Architectural StyleCraftsman, Traditional
ZoningR-3A-SPD
View DescriptionOther
Location
LISTING UPDATED: 04/19/2021 11:00 AM
Property Details for 2300 N Street
Status | Closed |
---|---|
MLS # | 20035077 |
Days on Compass | - |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Quadruplex |
Year Built | 1925 |
Lot Size | 0.15 AC / 6,398 SF |
County | Sacramento County |
Location
Building Information for 2300 N Street
Stories2Residences4Year Built1925Building Size-Lot Size0.15 AC / 6,398 SF
Payment Calculator
$6,637 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2300 N Street
Property History for 2300 N Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2300 N Street
Taxable ValueLand$450,000Additions$615,000Total$1,065,000
Tax Record2023$12,844 ($1,070 / month)
Home Facts
Total Finished SqFt3,956 SqFtAbove Grade Finished SqFt3,956 SqFtStories2Lot Size6,400 SqFtStyleOffice BuildingYear Built1925ZoningR-3A-SPDCountySACRAMENTOAPN007-0255-001-0000
Schools near 2300 N Street
This home is within Sacramento City Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 4 |
Rating | School | Distance |
---|---|---|
Theodore Judah Elementary School PublicK to 6 | ||
Miwok Middle Public7 to 8 | ||
C. K. Mcclatchy High School Public9 to 12 | ||
Growth Public CharterK to 4 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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