Description
This exceptional 8-unit apartment building, nestled in the coveted richmond grove neighborhood of sacramento, presents a unique opportunity for investors seeking a stable, income-generating asset. under the careful stewardship of the same family for over 50 years, this property has consistently maintained high occupancy rates and reliable rental income. this fully occupied, turnkey property offers immediate cash flow and minimal management requirements. situated in the desirable richmond grove neighborhood, it benefits from easy access to shopping, dining, entertainment, transportation, healthcare and major employers. the high demand for rental housing in the midtown sacramento area supports strong rental income and long-term stability. investment highlights include potential for long-term appreciation & rental upside. improvements include tankless water heaters, a repaved parking lot, a new roof, a fresh coat of paint, upgraded electrical subpanels, partially upgraded plumbing system to copper & dual-pane windows. seller will consider carrying a first position note subject to approval and terms to be negotiated. this is an opportunity to acquire prime real estate in one of sacramento's most sought after locales.
Property Type
ResidentialIncomeCounty
SacramentoStyle
ResidentialIncomeAD ID
46773812
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BuyOwner last updated this listing 01/31/2025 @ 01:45
- MLS: 224091741
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: MLS Metrolist
is a Home, with bedrooms which is for sale, it has 4,825 sqft, 4,825 sized lot, and 0 parking. are nearby neighborhoods.