This well maintained 8 unit apartment complex is located in the Oppurtinity Zone of Downtown Sacramento and within walking distance to Southside Park. A very substantial increase in value & Income can be realized by devloping the vacant lot at the back. Conceptual drawings for future development are attached. 7 units are fully rented,there is 1000SqFt of unfinished space in front of the building that can be fixed to add income. Property is zoned C-2 so it can be used as office,retail or an additional unit. Downtown Sacramento continues to be one of the strongest rental markets in the nation. The major value is in developing the back which is part of the oppurtunity zone that has great tax incentives. Please verify info.
|--||New Value: $2,285,000|
|1/30/2021 3:02:00 AM||New Value: $2,285,000|