1631 T Street

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Address: 1631 T St, Sacramento, CA 95811, USA
Created date: May 8, 2024
Date last updated: May 8, 2024

• Studio and One-bedroom units
• Wall heat and air
• Gas stoves
• Electric appliances
• On-site laundry
• Garage and storage
• On-street parking
• Solid infill location

Property Description

We are pleased to present 1631 T Street, a 7-unit multifamily complex located in Downtown-Midtown Sacramento. This two-story building with adjacent garage plus storage, consists of four – studios and three – one-bedroom units. Each unit has undergone some updating over the past several years upon turnover. This would include tile, wood laminate or vinal flooring, cabinets, counter tops, vanities, plus appliances when needed. The units each feature gas stoves and electric refrigerators with wall heat/air conditioning. There is on-site laundry available and all residents park on the street with City of Sacramento parking stickers that are issued to residents when the present their lease to the city. In addition, the owner is currently paying all common area utilities where a new buyer will want to implement a Ratio Utility Billing System (RUBS) to bill back a portion of these charges to the residents. This has become a more common practice in California with charges ranging between $25-$75 per unit in addition to the residents’ standard monthly rent.   This property is well located at the corner of 17th and T Street near a wide range of amenities and employment that makes it ideal for residents. Tenants can quickly shop at the nearby Safeway or walk over to the R Street Corridor for food and entertainment. Along R Street you will catch that modern hipster vibe while enjoying older architecture that has been refurbished into a mixed-use neighborhood. In addition, residents are a short distance from the Golden 1 Center which is a hip spot for entertainment, dining, and shopping as well plus the State Capitol and multiple parks are nearby. For those that want a live, work, play lifestyle all of that is available in Downtown-Midtown Sacramento.

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Property Types: Apartment Buildings
Price: $1,100,000
No. of Units: 7
Cap Rate: 5.15%
GRM /GIM: 12.22
Average Occupancy: 100
Year Built: 1920
Building Size: 3,390 Sq ft
Lot Size: 0.07 Acres
No. of Stories: 2
APN: 009-0094-014
Zoning Code: R-3A-SPD
Opportunity Zone: No
Price per unit: $157,143
Address: 1631 T St, Sacramento, CA 95811, USA

Additional contacts

Full name Phone number Email address
Matt Sarro 916-616-5267 [email protected]
Ahmed Kamil 916-830-2582 [email protected]
Alex Farhang 916-265-5192 [email protected]

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