Skip To Content

2009 N Street

Sacramento, CA 95811
  • $1,745,000
  • STATUS: Active
  • ON SITE: 14 Days
  • MLS #: 222003056
UPDATED: 7 min ago
$1,745,000
  • 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. Current monthly rent is $8,000/NNN, which equates to a 5.5% capitalization rate on actual income. Rent increases to $8,750/NNN in year 3, $9,250/NNN in year 4, and $9,750/NNN in year 5. Seller recently completed approx. $100k in section 1&2 pest work. You will not find this return anywhere in the urban core!

Monthly Payment Calculator



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 2022-01-27T17:39:22.147. MetroList® MLS Terms of Use. IDX provided by BoomTown.
www.heidiphonghomes.com/homes/124675316
Print Image

2009 N Street Sacramento, CA 95811

  • Price: $1,745,000
  • Status: Active
  • On Site: 14 Days
  • Updated: 7 min ago
  • MLS #: 222003056
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. Current monthly rent is $8,000/NNN, which equates to a 5.5% capitalization rate on actual income. Rent increases to $8,750/NNN in year 3, $9,250/NNN in year 4, and $9,750/NNN in year 5. Seller recently completed approx. $100k in section 1&2 pest work. You will not find this return anywhere in the urban core!
Exterior Features

Architectural Style Craftsman Carport Spaces 0.00 Construction Materials FrameWood Covered Spaces 0.00 Foundation Slab Independent Parking Spaces 0 Levels Multi/Split Lot Features Other Num Of Floors 0 Num Of Guest Spaces 0 Open Parking Spaces 1.00 Parking Features Street Patio And Porch Features See Remarks Roof Composition Tandem Parking Spaces 0 Total Parking Spaces 1.00 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 Other 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

Metrolist MLS logo Listing provided courtesy of Ken Turton, Broker. 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 2022-01-27T17:39:22.147. MetroList® MLS Terms of Use. IDX provided by BoomTown.
 
https://bt-photos.global.ssl.fastly.net/sacramento/orig_boomver_1_222003056-2.jpg https://bt-photos.global.ssl.fastly.net/sacramento/orig_boomver_1_222003056-2.jpg https://bt-photos.global.ssl.fastly.net/sacramento/orig_boomver_1_222003056-2.jpg
Logo
Heidi Phong Real Estate Team - HP Real Estate
9105 Bruceville Rd, Suite 6A
Elk Grove CA, 95758