Thank you
Jack Scurfield
Ken Turton, Broker
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Turton Commercial Real Estate is please to exclusively offer for sale 1720 N Street, dubbed the Ambassador Gardens'', and herein referenced as the Property'', as a rare opportunity to acquire a centrally located multifamily asset in the urban core of Sacramento. The Property is being offered for sale at $3,298,000, representing pricing of approximately $235,571 per unit. Consisting of 14 residential units, a laundry room with coin operated machines, and covered parking, Ambassador Gardens provides a healthy unit mix of one 3 bedroom 1.5 bathroom floorplan, one two bed one bath, eight 1 bed 1 bath units, and four studio options. The Property is currently 71% occupied and has just received over $100,000 in various improvements including vacant unit renovations, new fixtures and appliances, fresh exterior paint, and a new water heater. Ambassador Gardens is poised for stabilization to 100% occupancy at market rents and represents a strong value-add'' opportunity for any multifamily investor.
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Sewer: Public Sewer
Laundry Features: Coin Operated
Simulated Wood,Laminate,Wood,Varies by Unit
Heating: Electric,Hot Water
Cooling: Window Unit(s)
Water Source: Public
Year Built: 1952
Stories: 2
Construction: Brick,Stucco,Frame,Glass
Basement: Other
Foundation Details: BrickMortar, Concrete
Foundation Details: BrickMortar, Concrete
Coin Operated
Lot Description: Landscape Front
Lot Square Feet: 6,534
Stories: 2
Property Type: ResidentialIncome
Sub Type: 5 or More Units
Construction Materials: Brick,Stucco,Frame,Glass
Property Age: 72
Cross Street: 18th St
Source Neighborhood: 10811
Area: Sacramento S: 95811
Zoning: R-3A-SPD
Structure Type: Apartments
Irrigation Source: Irrigation Available,See Remarks,Other
Listing Id: 224027091
List Price: $3,298,000
Parcel Number: 006-0235-007-0000
Parking Total: 3
Covered,Street
Association YN : No
Calculated Total Monthly Association Fees : $0
Elementary School District: Sacramento Unified
Junior High School District: Sacramento Unified
Senior High School District: Sacramento Unified
City
Direction: Down N Street between 17th & 18th.
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
Bannon Street, Sacramento, CA,95811 | $350,000 | 2 | 1 | 706 | -- |
21st Street, Sacramento, CA,95811 | $1,300,000 | 8 | 3 | 4,234 | -- |
L Street #513, Sacramento, CA,95811 | $799,000 | 1 | 2 | 1,219 | -- |
L Street #807, Sacramento, CA,95811 | $949,000 | 1 | 2 | 1,044 | -- |
L Street #808, Sacramento, CA,95811 | $808,000 | 1 | 2 | 1,044 | -- |
T Street, Sacramento, CA,95811 | $650,000 | 3 | 3 | 1,485 | -- |
Dreher Street, Sacramento, CA,95811 | $630,000 | -- | -- | -- | -- |
18th Street, Sacramento, CA,95811 | $1,050,000 | -- | -- | -- | -- |
T Street, Sacramento, CA,95811 | $2,660,000 | -- | -- | -- | -- |
P Street, Sacramento, CA,95811 | $3,490,000 | -- | -- | -- | -- |
ByOwner last updated this listing 05/20/2024 @ 09:40
MLS: 224027091
LISTED BY: Jack Scurfield, Ken Turton, Broker
SOURCE: MLS Metrolist
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.