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515 Michigan Boulevard $980,000

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    515 Michigan Boulevard West Sacramento, CA 95691

    • Commercial
    MLS# 18060603 | Active

    $980,000

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    Property Details

    Newer Medical office always leased 100% full for 16 years. 2012 owner spent $250,000.- upgraded the property. leasable 3900 square feet. 2 story building second floor has outside stair case access. or inside stair case with one passenger chair lift . Very steady income , down stair doctor's lease, due in 2021, and up stair doctor's lease due in 2022. Down stair $3,700.-/m upstair $3,200./m.. Owner paid sewer, Property tax and insurance, tenants pay rest of the expenses. Very High cap 7.28%. .monthly income $6,900.-/m $82,800.-/yr. gross. It is very valuable of commercial property. Come and see this great opportunity. First come first serve.

    • General Features
      • Lease Terms Lease Gross
      • Other Expenses Other-Rmks
      • Year Built 1985
      • County R-4
    • Building Features
      • Air Conditioning Central
      • Heat Central
      • Amenities 1 Restroom Per Unit
      • Construction Frame
      • Disability Features Grab Bars
      • Door None
      • Miscellaneous Sprinkler Sys Lndscp
      • Loading Other-Rmks
      • Roof Description Flat/Low Pitch
      • Floor Concrete Slab, Linoleum/Vinyl, Tile
      • Exterior Stucco
    • Property Features
      • Location Public Trans Nearby, Restaurant Nearby, Shopping Cntr Nearby
      • Parking Uncovered

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    Neighborhood

    95691 (West Sacramento) Demographics

    34Median Age
    887Population Density (per sq. mile)
    40%College Educated
    $66,519 Estimated Median Income
    7,859Estimated Total Home Owners
    5,200Estimated Total Renters
    60% / 40%Estimated Owner / Renter Divide
    5Estimated Average Household Size
    36,932Total Population
    Community data courtesy of LiveBy, Inc.

    Property History

    Date Event Price Percent Change
    -- Current Price Source New Value: $980,000
    8/31/2018 1:49:00 PM New in Database Source

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    Information is provided in part by the IDX program of METROLIST SERVICES, INC. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information last updated 8/22/2019 9:51:59 AM. 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. Terms of Use