Courtesy of: Kelly Rivett | | Cornish & Carey Commercial
Year Build: 1952
Square Footage: 7,583 Sq ft
Address: 3007-3015 J ST
An investor opportunity to acquire a stable and fully renovated Residential/Mixed-Use investment in East Sac, a highly desirable and sought after neighborhood/submarket in Sacramento. 3007-3015 J is comprised of 10 tenants (4-apts/6-retail), in 3 freestanding buildings, on 2 contiguous parcels totaling .29/acre. All units are leased to working professionals, with current rents approximately 10-15% below market. 3007-3015 J has tremendous exposure and is accessed with over 80 feet of J St frontage, and by the way of Improve alley to the north. This prime, long-term investment is priced at $3,625,000 or an in place 4.58% Cap Rate. Property financial Proforma linked through URL.