1805 V St - Rare Midtown Duplex build in 1986 2 Unit Apartment Building Offered at $849,000 at a 5.34% Cap Rate Sacramento, CA 95818

Rare 1986-Built Midtown Duplex | Turnkey Investment Producing $5,300 Per Month!
Appraisal in April came in at $920,000 market approach and $927,500 income approach. Beautifully updated duplex offering the advantages of newer construction in a central Sacramento location where many comparable properties were built decades earlier. Featuring one townhouse-style 2-bedroom unit and one upper-level 2-bedroom flat, both residences have been updated with shaker cabinetry, solid surface countertops, stainless steel appliances, remodeled bathrooms, luxury vinyl plank flooring, dual-pane windows, fireplaces, private laundry, attached one-car garages, and private fenced outdoor spaces. Current rents of $2,800 and $2,500 per month generate $5,300 monthly ($63,600 annually) with a GRM of approximately 13.34. Additional features include newer HVAC systems, separate gas and electric meters, a composition roof, and low-maintenance landscaping. Conveniently located near Midtown, Downtown, UC Davis Medical Center, shopping, dining, parks, and major commuter routes. Excellent opportunity for investors, owner-occupants, or 1031 exchange buyers.
Property Highlights
• Rare 1986 Construction – Newer than many surrounding Midtown duplexes
• Duplex with Two 2-Bedroom Units
• One Townhouse-Style Residence & One Upper-Level Flat
• Current Gross Income: $5,300/month ($63,600 annually)
• Current GRM: Approximately 13.34
• Updated Kitchens with shaker cabinetry and solid surface countertops
• Stainless Steel Appliances included
• Updated Bathrooms
• Luxury Vinyl Plank Flooring
• Dual-Pane Windows
• Fireplaces in both units
• Private Laundry Areas
• Attached One-Car Garage for each unit
• Additional Off-Street Parking
• Private Fenced Outdoor Areas
• Separate Gas & Electric Meters
• Composition Roof
• Newer HVAC Systems
• Low-Maintenance Landscaping
• Excellent Midtown/Downtown Location
• Minutes to UC Davis Medical Center
• Close to restaurants, coffee shops, shopping, entertainment, and parks
• Convenient access to major commuter routes
• Excellent opportunity for investors, owner-occupants, or 1031 exchange buyers
Investment Highlights
• Strong in-place rental income
• Broad tenant appeal due to desirable floor plans
• Modern construction compared to much of the surrounding housing stock
• Turnkey condition with numerous interior updates
• Attractive long-term hold in one of Sacramento's most established urban neighborhoods