605 15th St Immeuble residentiel 4 lots 1 673 702 € (418 425 €/Lot) Taux de capitalisation 6,90 % Sacramento, CA 95814

Turton Commercial Real Estate is pleased to present the opportunity to purchase 100% fee simple interest in 601-605 15th Street, a recently renovated mixed-use, investment opportunity including 4 modern apartment units (three 1-bedroom/1 bath and one 2 bedroom/1 bath) on the 2nd floor and a 3,764 square foot restaurant on a new five-year lease. Located in Sacramento’s Urban Core within the historic Alkali Flats neighborhood, this scarce opportunity generates a Net Operating Income (“NOI”) of $131,119.97 and is priced at $1,895,000 based on a 6.9% capitalization rate on existing income inclusive of pro-forma property taxes and NNN reimbursement.
601-605 15th Street (The “Property”) is an approximate 6,512 rentable square foot, 2-story, mixed-use commercial building situated on an approximate 6,199 square foot parcel of land. The 1st floor consists of fully improved restaurant space currently occupied by Stormies Restaurant and Bar. This space includes a large countertop bar, ample open space for tables and guests, a kitchen, walk-in fridge, storage room, manager’s office, and four restrooms. The Second floor consists of 4 modern and recently renovated apartment units. These upgrades include wood panel flooring, updated countertops, custom-cabinetry, dishwashers, cooktops, side-by-side refrigerators, washer/dryer hookups, frameless glass shower enclosures, and all the tenants share a roughly 313 SF patio. In addition, the Property features 5 parking stalls.