Property Details
About this Property
Very unique, single-tenant NNN investment opportunity in the heart of Midtown! Property is comprised of two structures on the same parcel: i) a 3,700 SF, three-story duplex located off N Street; and ii) a 2,200 SF repurposed shipping container restaurant located off Matsui Alley. Entire property, including both residential units and the shipping container restaurant, is master-leased to Federalist Public House, a popular restaurant/bar that has occupied the property since 2014. Lease is triple net, with the Tenant paying for ALL operating expenses and maintenance/repair to the property (except for the duplex roof). New five-year lease with large annual increases signed in Q4 2020. Current monthly rent is $8,000/NNN, which equates to a 5.6% capitalization rate on actual income. Rent increases to $8,750/NNN in year 3, $9,250/NNN in year 4, and $9,750/NNN in year 5. Seller recently completed approx. $100k in section 1&2 pest work. You will not find this return anywhere in the urban core!
MLS Listing Information
MLS #
ME222003056
MLS Source
MetroList Services, Inc.
Interior Features
Appliances
Dishwasher, Oven - Gas, Oven Range - Built-In, Gas, Refrigerator
Flooring
Wood
Cooling
Central Forced Air
Heating
Central Forced Air
Exterior Features
Roof
Composition
Foundation
Slab, Concrete Perimeter and Slab
Style
Craftsman
Parking, School, and Other Information
Garage/Parking
Street, Garage: 0 Car(s)
Unit Levels
Multi/Split
Sewer
Public Sewer
Water
Public
HOA Fee
$0
Zoning
C-2-SPD
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | 3 | – |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 1,650 | 2 | 1/0 | – |
| 2 | 2,050 | 2 | 1/0 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
2009 N Street is a Residential Income in Sacramento, CA 95811. This 0 square foot property sits on a 6,534 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,625,000 and was built in 1907. This address can also be written as 2009 N Street, Sacramento, CA 95811.
©2024 MetroList Services, Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MetroList Services, Inc.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of August 22, 2022. For the most current information, please contact Jon Lang, (916) 710-0753
