Description
The southsider is one of the newest and most progressive mixed-use multifamily residential and retail buildings in sacramento. enjoying a high visibility location along 10th street, the southsider is a 4-story mid-rise project comprised of 21 residential units totaling 11,979 square feet and a ground floor restaurant measuring 2,734 square feet. the property was constructed in 2021 and is currently 100% leased at market rents. the luxury residential units feature various studio, one-bedroom, and two-bedroom units all with open floor plans, spacious living areas, ample glass, and modern kitchen and bathrooms. 17 of the 21 units feature a 30 sf usable balcony. the entire ground floor retail space was recently leased to thai time, a new-to-market thai restaurant that specializes in healthy and plant-based dishes. the retail lease is 7 years and 6 months long commencing september 1, 2023. the southsider is being sold for $8,995,000 which equates to a 4.53% blended capitalization rate based upon actual income & opex. the buyer may assume the existing $5,800,000 loan, which is approx. 64% loan-to-value. the loan matures july 31, 2031 (more than 8 years left) with a current interest rate of 3.75% fixed for three more years.
Property Type
ResidentialIncomeCounty
SacramentoStyle
ResidentialIncomeAD ID
46070185
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BuyOwner last updated this listing 03/03/2025 @ 20:12
- MLS: 224037627
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: MLS Metrolist
is a Home, with bedrooms which is recently sold, it has 0 sqft, 0 sized lot, and 0 parking. are nearby neighborhoods.