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    2009 N Street

    Sacramento, CA 95811
    • $1,600,000
    • STATUS: Active
    • ON SITE: 131 days
    • MLS #: 20063663
    UPDATED: 72 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 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. 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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    © 2021 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 2021-03-01T22:38:46.243. MetroList® MLS Terms of Use. IDX provided by BoomTown.
    www.debbrittan.com/homes/111199342
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    2009 N Street Sacramento, CA 95811

    • Price: $1,600,000
    • Status: Active
    • Updated: 72 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 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. 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

    Architectural Style Craftsman Carport Spaces 0 Construction Materials FrameWood Covered Spaces 0 Foundation Slab Independent Parking Spaces 0 Levels Multi/Split Lot Features Other Num Of Floors 0 Num Of Guest Spaces 0 Open Parking Spaces 1 Parking Features Street Patio And Porch Features See Remarks Roof Composition Tandem Parking Spaces 0 Total Parking Spaces 1 View Description Other

    Interior Features

    Appliances Free Standing Gas OvenGas Water HeaterBuilt-In Gas RangeBuilt-In RefrigeratorDishwasher Cooling Central Flooring Wood Heating Central Interior Features Storage Area(S) Laundry Features In Common Area Num Of Rooms 0 Num Of Studio Units 0 Num Of1 Bedroom Units 1 Num Of2 Bedroom Units 2 Num Of3 Bedroom Units 0 Num Of4 Bedroom Units 0 Unit1 Approx Sq Ft 1650 Unit1 Bedrooms 2 Unit1 Full Baths 1 Unit1 Partial Baths 0 Unit1 Rent 0 Unit1 Rooms 0 Unit2 Approx Sq Ft 2050 Unit2 Bedrooms 2 Unit2 Full Baths 1 Unit2 Partial Baths 0 Unit2 Rent 0 Unit2 Rooms 0 Unit3 Approx Sq Ft 0 Unit3 Bedrooms 0 Unit3 Full Baths 0 Unit3 Partial Baths 0 Unit3 Rent 0 Unit3 Rooms 0 Unit4 Approx Sq Ft 0 Unit4 Bedrooms 0 Unit4 Full Baths 0 Unit4 Partial Baths 0 Unit4 Rent 0 Unit4 Rooms 0 Units Furnished None

    Property Features

    1 Bedroom Annual Occupancy 0 2 Bedroom Annual Occupancy 0 3 Bedroom Annual Occupancy 0 4 Bedroom Annual Occupancy 0 Accessibility Features Other Association Fee 0 Association YN No Electric 220 Volts Elevation 0 Income Includes Other Irrigation Other Lease Deposit 0 Num Of Commercial Units 0 Operating Expense Includes See Remarks Property Subtype Duplex Property Type Residential Income Sewer Public Sewer Special Listing Conditions None Studio Annual Occupancy 0 Subtype Description Mixed Use Tenant Pays ElectricitySewerInsuranceMaintenance Utilities Natural Gas ConnectedOther Water Source Public Zoning C-2-Spd

    Listing provided courtesy of Ken Turton, Broker. Listing information © 2021 MetroList Services, Inc.


    © 2021 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 2021-03-01T22:38:46.243. MetroList® MLS Terms of Use. IDX provided by BoomTown.
     
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