800 17th St
Sacramento, CA 95811
Villa Marquise · Multifamily Property For Sale · 28 Units

Villa Marquise Apartments at 800 17th Street was built in 1925 and designed with a Spanish Colonial Revival style architecture. This building consists of 24-units in a two-story complex with interior hallways. It consists of twenty-two studio units and two one-bedrooms. The exterior is stucco over a wood frame with a shuttered balcony, built in flower pot holders, wrought iron railings, and an entry archway with carved columns. The secured entry into the Villa Marquise is filled with Catalina type tiles with a beautiful inlay of art tile pieces. Inside the units there is wood laminate flooring or carpet with tile bathrooms. Each unit is equipped with an electric stove, refrigerator, wall air, baseboard heater, ceiling fans, and tiled tub/shower. The floor plans are spacious and maintain authenticity to the era while still being modernized. Later in 1958 on the two adjacent parcels an additional 4-units were built at 814 17th Street. This property includes one two-bedroom townhouse, three one-bedroom units, and twelve covered parking spaces with a construction style to compliment the Villa Marquise. The property has a stone entry way that leads to the exterior doors for these four units. The building is a two-story structure with stucco over wood frame. In the two bedroom there are newer cabinets, counter tops, stainless steel appliances, plus wood laminate flooring. Also, there is an on-site laundry room at this property that is shared by tenants in both buildings. A new investor will make minor updates to the Villa Marquise and be able to quickly increase rents to market. Due to limited apartment availability and rents that have increased significantly over the past several years in the Midtown Sacramento this a prime opportunity for a new owner. In addition, implementing a Ratio Utility Billing System (RUBS) in the amount of $50 per month and assuring all the covered parking spaces are leased will maximize the cash flow. This is a great location in the heart of Midtown plus the unique architectural style of this property makes it a rare investment opportunity.