- For sale
We are pleased to present 815 19th Street, an exceptional 4-unit multifamily investment opportunity located in the heart of Midtown Sacramento. The subject property is located in between H and I Street which gives you a perfect mix of the downtown core along with the beautiful treelined streets of Boulevard Park. This cute cottage style apartment building is gated with beautiful landscape and plenty of lights and shrubbery for the tenants to enjoy in the courtyard.
The unit mix consists of one front standalone cottage that is a one-bedroom/one-bathroom, 872 square foot unit with washer and dryer. The back building consists of two, 735 square foot, one-bedroom/one-bathroom units, both with washer and dryer and small backyard patios. Each of these two units were remodeled with new windows, new flooring, and mini split heating and air systems in the bedrooms and living rooms. The last upstairs unit is an original 872 square foot one-bedroom/one-bathroom unit with an additional den or office room included. Each unit various on the age of appliances and countertops. The electrical was upgraded on the entire building when the mini split systems were installed. Some plumbing work was replaced on the property and all of the dry rot was repaired as well.
The next owner will benefit from the ongoing development in the area and rapid rental growth that midtown has been experiencing. The future owner could implement a RUBs billback system to help with some of the laundry and water usage. Investors know there is a high demand for rentals in this submarket and will benefit from the remodel and strength of the location. Other possibilities would be to turn the stand alone cottage into an “airbnb” after receiving the proper permit from the city.