2229 24th St Immeuble residentiel 3 lots 1 164 874 € (388 291 €/Lot) Sacramento, CA 95818

Price reduced! 2229 24th Street (the “Property”) is a three-unit residential building comprised of two 1-bedroom and 1-bathroom units on the ground floor and one 3-bedroom and 1-bathroom unit on the entire second floor. The Property was substantially remodeled within the last five years, including new finishes throughout all three units, energy-efficient dual-pane windows on both floors, new HVAC units (two mini-split), custom metal work on the exterior, and a recently landscaped back courtyard area.
The three residential units feature original hardwood floors throughout, granite/quartzite counters, solid wood custom-cabinetry, updated lighting, custom tile shower walls and floors, washer/dryer combo in each unit, dishwashers, electric cooktop, and garbage disposals. The two ground floor units, each with one bedroom and one bath, are approximately 775 rentable square feet. The upstairs unit has three bedrooms and one full bathroom, measuring approximately 1,500 rentable square feet. All three units have a spacious living room and dining room. The building is 100% occupied and generating gross rent of $6,560 per month.
The Property also features a 572-square foot three-car garage to the east of the building, accessible off W Street. The garages provide each tenant with an off-street parking option, storage, or both. From an ownership perspective, the stand-alone garage provides a unique value-add development opportunity, whereby the existing garage is demolished and replaced with a new garage and additional residential units above. The current zoning – R3-SPD – may permit additional units on the property.