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623 16th St
Sacramento, CA 95814
Hotel Conversion/Affordable-For Profit · Multifamily Property For Sale
·
75 Units
Investment Highlights
- Potential 75 Unit Reposition Opportuniity - Midtown Sacramento Location
- May be able to Maintain Existing 42 Unit Count and Reposition as Single/1 BAth Unit Apartment Building
- 5.7 CAP Rate on 2021 P and L as an Existing Hotel
- 2022 Comp of Midtown Sacramento 74 Units - Same Lot Size - $771,621 Per Unit
- Affordable Housing or For Profit Opportunity
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 75 | - | - |
Property Taxes
| Parcel Number | 002-0173-023 | Improvements Assessment | $2,580,000 |
| Land Assessment | $1,920,000 | Total Assessment | $4,500,000 |
Property Taxes
Parcel Number
002-0173-023
Land Assessment
$1,920,000
Improvements Assessment
$2,580,000
Total Assessment
$4,500,000
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