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Multifamily

1416 22nd St

1416 22nd St, Sacramento, CA 95816

Listing Price: $1,125,000

Cap Rate
5.00%
Number of Units
5
GRM
11.52
Occupancy
97.0%
Price/Unit
$225,000
Price/Gross SF
$409.69
Gross SF
2,746

Investment Overview

Marcus & Millichap is pleased to present 1416 22nd Street, a 5 unit asset in the heart of Midtown Sacramento built in 1910. The property features a mix of Studios and 1 bedroom units that attract younger professionals who prefer to live a minimalist lifestyle in the heart of the Grid.

Tenants are attracted to the premier location and walkability to surrounding amenities that this location offers. 1416 22nd Street is short walking distance to some of Sacramento's most popular restaurants, boutique retail, and nightlife. It is also centrally located to some of the City's most major employers such as Sutter General Hospital, The State Capitol, and the Central Business District.

The next investor will capture the upside of this property by focusing on interior upgrades such as new kitchen appliances, new finishes in the bathrooms, all while maintaining the charm the exterior emulates.

All tours must be scheduled through the listing agents directly. Please do not disturb tenants.

Investment Highlights

  • Premier location in the heart of Midtown Sacramento
  • Walking distance to Sutter General Hospital, R Street Corridor, and multiple popular restaurants/bars
  • Attractive unit mix for younger working professionals

Exclusively Listed By

Multifamily

1416 22nd St

Listing Price: $1,125,000

Cap Rate
5.00%
Number of Units
5
GRM
11.52
Occupancy
97.0%
Price/Unit
$225,000
Price/Gross SF
$409.69
Gross SF
2,746

Investment Highlights

  • Premier location in the heart of Midtown Sacramento
  • Walking distance to Sutter General Hospital, R Street Corridor, and multiple popular restaurants/bars
  • Attractive unit mix for younger working professionals

Investment Overview

Marcus & Millichap is pleased to present 1416 22nd Street, a 5 unit asset in the heart of Midtown Sacramento built in 1910. The property features a mix of Studios and 1 bedroom units that attract younger professionals who prefer to live a minimalist lifestyle in the heart of the Grid. Tenants are attracted to the premier location and walkability to surrounding amenities that this location offers. 1416 22nd Street is short walking distance to some of Sacramento's most popular restaurants, boutique retail, and nightlife. It is also centrally located to some of the City's most major employers such as Sutter General Hospital, The State Capitol, and the Central Business District. The next investor will capture the upside of this property by focusing on interior upgrades such as new kitchen appliances, new finishes in the bathrooms, all while maintaining the charm the exterior emulates. All tours must be scheduled through the listing agents directly. Please do not disturb tenants.

Exclusively Listed By

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