1514 19th 4 Unit Apartment Building Offered at $730,000 at a 4.93% Cap Rate Sacramento, CA 95811

1514 19th Street is a perfect opportunity for a first- time investor to purchase a Victorian style building. The opportunity is located in Midtown Sacramento, a low vacancy submarket with the strongest rental demand in the Sacramento region. The property is walking distance to Sutter Medical Center located just 1 mile from the subject property and just under a 15 minute walk to California State Capitol Park. This building offers a short distance to many of Midtown and Downtown’s favorite eateries, cultural venues and professional amenities with The Ice Blocks being a couple of blocks away, Sac Brew Bike being right across the street, one of the area’s most popular dog parks being a couple of blocks away and much more. Tenants have the added benefit of convenient freeway access to Highway 50 and Business I-80 as well as the three other major freeways that flow through the area. The property features Four Studio Units currently renting for: $1,100, $1,195, $1,495 with one vacant asking $1,295. A majority of the units offer newer kitchens, security screen doors and are heated and cooled with through- wall HVAC. The flooring varies by unit with some having carpet / linoleum and others having carpet / tile. Most units have ceiling fans as well.