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601 T Street

Sacramento, CA 95811
  • $1,500,000
  • STATUS: Active
  • ON SITE: 9 Days
  • MLS #: 222058859
UPDATED: 166 min ago
$1,500,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,292
    SQFT
  • $456
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1908
County:

School Ratings & Info

Description

The Parkside Mixed Use property is located across from Southside Park at the corner of 6th and T. The property consists of a 484 SF studio and a 850 SF three bedroom. The Units are brand new and leased. On the ground floor is the Parkside Market. The lease for the Parkside Market doesn't expire until 2031. The Second Story has a brand new 300 SF deck. THERE IS SIGNIFICANT UPSIDE - INCLUDED IN THE PRICE ARE CITY APPROVED PLANS FOR THE DEVELOPMENT OF 2 ADUs on the site - (YOU JUST HAVE TO PAY FOR THE PERMIT.) This comes with design and approved Construction Drawings. PLUS the site has been upgraded with oversized utilities. when leased up these units will significantly increase the overall value and cash flow. The cashflow analysis assumes that the ADUs are completed in 2023. The apartments are brand new and include luxurious finishes with marble, granite, flooring and tile. The Property's plumbing, electrical and HVAC has all been replaced.

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Metrolist MLS logo © 2022 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 2022-05-17T23:40:58.22. MetroList® MLS Terms of Use. IDX provided by BoomTown.
www.ardarealty.co/homes/128492761
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601 T Street Sacramento, CA 95811

  • Price: $1,500,000
  • Status: Active
  • On Site: 9 Days
  • Updated: 166 min ago
  • MLS #: 222058859
0
Beds
0
Baths
0
½ Baths
0.07
Acres
3,292
SQFT
$456
$/SQFT
1908
Built
Neighborhood:
Sacramento Midtown
County:
Sacramento
Area:
Sacramento Midtown
Property Description
The Parkside Mixed Use property is located across from Southside Park at the corner of 6th and T. The property consists of a 484 SF studio and a 850 SF three bedroom. The Units are brand new and leased. On the ground floor is the Parkside Market. The lease for the Parkside Market doesn't expire until 2031. The Second Story has a brand new 300 SF deck. THERE IS SIGNIFICANT UPSIDE - INCLUDED IN THE PRICE ARE CITY APPROVED PLANS FOR THE DEVELOPMENT OF 2 ADUs on the site - (YOU JUST HAVE TO PAY FOR THE PERMIT.) This comes with design and approved Construction Drawings. PLUS the site has been upgraded with oversized utilities. when leased up these units will significantly increase the overall value and cash flow. The cashflow analysis assumes that the ADUs are completed in 2023. The apartments are brand new and include luxurious finishes with marble, granite, flooring and tile. The Property's plumbing, electrical and HVAC has all been replaced.
Exterior Features

Construction Materials Wood Dock Doors 0 Loading None Lot Features Corner Num Of Floors 2 Parking Features Offsite Roof Composition Total Parking Spaces 0.00

Interior Features

Cooling Varies By Unit Flooring TileWood Heating Varies By Unit Num Of Elevators 0 Num Of Restrooms 0 Office Sq Ft 0 Retail Sq Ft 1610 Warehouse Sq Ft 0

Property Features

Building Features 1 Restroom Per UnitMajor TenantMultiple Tenant BuildingFront SignWasher/Dryer OwnedKitchen FacilitiesLandscapingLiving Area in Building Business Type Convenience Store Current Use Mixed Use Electric 200 To 400 Amp Service Income Includes Rent Lease Deposit 0 Lease Term 6-10 Years Location NeighborhoodPublic Transportation NearbyDowntownFreeway NearbyRestaurant NearbyShopping Nearby Num Of Offices 0 Num Of Tenants 3 Property Condition Exterior-ExcellentInterior-Excellent Property Subtype Mixed Use Property Type Commercial Sale Sewer Public Sewer Special Listing Conditions Offer As Is Structure Mixed Use Tenant Pays Common Area MaintenanceSewerElectricityGasTrash CollectionWaterIndividual MetersVaries By UnitJanitorial Services Utilities Master Gas MeterMaster Water MeterNatural Gas Connected Water Source Meter PaidPublic Year Renovated 1905 Zoning R3a

Metrolist MLS logo Listing provided courtesy of Bacon Commercial Real Estate: . Listing information © 2022 MetroList Services, Inc.


Metrolist MLS logo © 2022 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 2022-05-17T23:40:58.22. MetroList® MLS Terms of Use. IDX provided by BoomTown.
 
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John Acord Team | Arda Realty
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