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    2009 N Street

    Sacramento, CA 95811
    • $1,600,000
    • STATUS: Active
    • ON SITE: 42 days
    • MLS #: 20063663
    UPDATED: 38 min ago
    $1,600,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1907
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    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 triplex located off N Street; and ii) a 2,200 SF repurposed shipping container restaurant located off Matsui Alley. Entire property, including all three 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 triplex roof). New five-year lease with large annual increases signed in Q4 2020. Rent starting in month 13 of the lease is $8,000/NNN, which equates to a 6% capitalization rate. Rent increases to $8,750/NNN in year 3, $9,250/NNN in year 4, and $9,750/NNN in year 5. You will not find this return anywhere in the urban core!

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    © 2020 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2020-12-02T13:38:36.897. MetroList® MLS Terms of Use. IDX provided by BoomTown.
    www.themacdonaldgroup.com/homes/111199342
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    2009 N Street Sacramento, CA 95811

    • Price: $1,600,000
    • Status: Active
    • Updated: 38 min ago
    • MLS #: 20063663
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1907
    Built
    Neighborhood:
    Sacramento Midtown
    County:
    Sacramento
    Area:
    Sacramento Midtown
    Elementary School:
    Sacramento Unified
    Middle School:
    Sacramento Unified
    High School:
    Sacramento Unified
    School District:
    Sacramento
    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 triplex located off N Street; and ii) a 2,200 SF repurposed shipping container restaurant located off Matsui Alley. Entire property, including all three 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 triplex roof). New five-year lease with large annual increases signed in Q4 2020. Rent starting in month 13 of the lease is $8,000/NNN, which equates to a 6% capitalization rate. Rent increases to $8,750/NNN in year 3, $9,250/NNN in year 4, and $9,750/NNN in year 5. You will not find this return anywhere in the urban core!
    Exterior Features

    Approx Elevation 0 Construction Frame Covered Parking Spaces 0 Exterior Wood Lot Dimensions 65 X 100 Miscellaneous Features Other-Rmks Parking Street Roof Comp Shingle Stories 3 Stories Description Tri-Level Style Craftsman Uncovered Parking Spaces 1

    Interior Features

    Air Central Equipment Gas Water Heater Floor Coverings Wood Furnished None Heat Central Kitchen Appliances DishwasherOven Gas F/SRange Gas B/IRefrigerator B/I Unit1 Bedrooms 2 Unit1 Full Baths 1 Unit1 Half Baths 0 Unit1 Sq Ft 1650 Unit2 Bedrooms 2 Unit2 Full Baths 1 Unit2 Half Baths 0 Unit2 Sq Ft 1550 Unit3 Bedrooms 1 Unit3 Full Baths 1 Unit3 Half Baths 0 Unit3 Sq Ft 500 Unit4 Bedrooms 0 Unit4 Full Baths 0 Unit4 Half Baths 0 Unit4 Sq Ft 0

    Property Features

    1 Bedroom Units 1 2 Bedroom Units 2 3 Bedroom Units 0 Amenities Other-Attch CCRs No Cross Street Address N Street Disability Features Other-Attch Energy Features Other-Rmks HOA No Hoa Dues 0 Individual Units 4 Multifamily Type Triplex Special Listing Condition None Studio Units 0 Tenant Pays ElectricInsuranceMaintenanceSewer Total Leasable 4 Unit1 Rent 0 Unit2 Rent 0 Unit3 Rent 0 Unit4 Rent 0 Year Remodeled 2014 Zoning C-2-Spd

    Listing provided courtesy of Ken Turton, Broker. Listing information © 2020 MetroList Services, Inc.


    © 2020 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2020-12-02T13:38:36.897. MetroList® MLS Terms of Use. IDX provided by BoomTown.
     
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    The MacDonald Group at PMZ Real Estate
    1200 E. Orangeburg Ave Suite #202
    Modesto CA, 95350