Property Details
About this Property
Seller may carry a 1st MTG! An investor/user opportunity to acquire 1700 V Street, 2-story mixed-use building located in downtown Sacramento, California. This building is located on the southeast corner of 17th and V Street, and is comprised a convenience store ( Nick's Market) and 3 apartment units. Nick's Market, a longtime cornerstone market, occupies the ground floor commercial space and is comprised of approximately1,390 square feet. This lease expires in January 2027, with no options to renew. This allows a user opportunity to operate the c-store or lease to an market operator at twice the amount of current rate. Three apartment units occupy the remaining space within the building, with one studio unit on the ground floor, and two-2/1 apartment flats on the second story. The studio is approximately 400 square feet, and is occupied by a long term month-to-month tenant paying 50% under market, presenting immediate income upside. Upstairs, there are are two/2bed/1bath apartment flats that were beatifically remodeled in 2024. Building/unit renovations include but are not limited to: New exterior paint, new central heat/air, dual pane windows, refer, stove, faucets, lighting, luxury plank flooring, interior paint, toilet, hardware, doors, etc. The building is 100% occupied.
MLS Listing Information
MLS #
ML81972984
MLS Source
MLSListings, Inc.
Interior Features
Kitchen
Countertop - Solid Surface / Corian
Appliances
Cooktop - Gas, Microwave, Washer/Dryer
Cooling
Central Forced Air
Heating
Central Forced Air
Exterior Features
Roof
Composition
Foundation
Slab
Parking, School, and Other Information
Garage/Parking
Detached, Off-Street Parking, On Street, Garage: 1 Car(s)
Elementary District
Sacramento City Unified
High School District
Sacramento City Unified
Sewer
Public Sewer
Water
Public
Zoning
R-3A
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 4 | 3 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 900 | 2 | 1/0 | $1,800 |
| 2 | 900 | 2 | 1/0 | $1,800 |
| 3 | 400 | 0 | 1/0 | $800 |
| 4 | 1,390 | – | 0/0 | $1,700 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1700 V St is a Triplex in Sacramento, CA 95818. This 3,593 square foot property sits on a 3,327 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,050,000 and was built in 1900. This address can also be written as 1700 V St, Sacramento, CA 95818.
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This listing information is up-to-date as of November 05, 2024. For the most current information, please contact Kelly Rivett, (916) 569-2385
