Views
Address
2009 N Street Sacramento, CA
Price
$ 1,745,000
Property Attributes
  • MLS#222003056
  • TypeIncome
  • CountySACRAMENTO
  • CitySacramento
  • Area10811
  • Zip95811
  • StyleCraftsman
  • Price$ 1,745,000
  • Bedrooms4
  • Full Bathrooms2
  • Half Bathrooms0
  • Lot Size6,534 SqFt
Listing Provided Courtesy Of:
Jon M. Lang CalBRE# - 01934934 with Ken Turton, Broker
Data Source:
MetroList
Property Description

Very unique, single-tenant NNN investment opportunity in the heart of Midtown! Property is comprised of two structures on the same parcel: i) a 3,700 SF, three-story duplex located off N Street; and ii) a 2,200 SF repurposed shipping container restaurant located off Matsui Alley. Entire property, including both residential units and the shipping container restaurant, is master-leased to Federalist Public House, a popular restaurant/bar that has occupied the property since 2014. Lease is triple net, with the Tenant paying for ALL operating expenses and maintenance/repair to the property (except for the duplex roof). New five-year lease with large annual increases signed in Q4 2020. Current monthly rent is $8,000/NNN, which equates to a 5.5% capitalization rate on actual income. Rent increases to $8,750/NNN in year 3, $9,250/NNN in year 4, and $9,750/NNN in year 5. Seller recently completed approx. $100k in section 1&2 pest work. You will not find this return anywhere in the urban core!

Price History
1/12/2022 Listed $1,745,000

General Features

Accessibility Other
Appliances Free Standing Gas Oven, Gas Water Heater, Built-In Gas Range, Built-In Refrigerator, Dishwasher
Architectural Style Craftsman
Association Y/N No
Carport Spaces 0.00
Construction Materials Frame, Wood
Cooling Central
Electric 220 Volts
Elementary School District Sacramento Unified
Flooring Wood
Garage Spaces 0.00
Heating Central
High School District Sacramento Unified
Interior Features Storage Area(s)
Levels Multi/Split
Lot Size Square Feet 6534.00
MLS Area 10811
Open Parking Spaces 1.00
Other Unit(s) Office(s)
Patio/Porch Features See Remarks
Property SubType Duplex
Property Type Residential Income
Roof Composition
School District (county) Sacramento
Sewer Public Sewer
Status Active
Subtype Description Mixed Use
Total Units 3
View Other
Zoning Description C-2-SPD

Interior Features

Furnished Units None
Laundry Features In Common Area
Unit 1 Approx Sqft 1650
Unit 1 Bedroom Units Total 1
Unit 1 Bedrooms 2
Unit 1 Full Baths 1
Unit 1 Sqft Source Owner
Unit 2 Approx Sqft 2050
Unit 2 Bedroom Units Total 2
Unit 2 Bedrooms 2
Unit 2 Description Unit comprises 2nd & 3rd floors. 3bed/2bath on 2nd & 500 SF bonus room w/ full bath on 3rd floor.
Unit 2 Full Baths 1
Unit 2 Sqft Source Owner

Exterior Features

Covered Spaces 0.00
Foundation Details Slab
Frontage Type Varies by Unit
Lot Dimensions 65 x 100
Lot Features Other
Lot Size Acres 0.1500
Lot Size Source Assessor Agent-Fill
Number of Buildings 2
Parking Features Street
Total Parking 1.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 95811

Price
AVG $1.26M
$1.75M
Visits
AVG 23
2
Year Built
AVG 1890
1907

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