$8,995,000
BEDS
--
BATHS
--
SQFT
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ACRES
0.22
MLS # 223041744 | Listed by Ken Turton, Broker
MLS # 223041744 | Listed by Ken Turton, Broker
2030 10th Street is a $8,995,000 home on a 0.22 acre lot located in Sacramento, CA.
Seller’s Description
The Southsider is one of the newest and most progressive mixed-use multifamily residential and retail buildings in Sacramento. Enjoying a high visibility location along 10th Street, the Southsider is a 4-story mid-rise project comprised of 21 residential units totaling 11,979 square feet and a ground floor restaurant measuring 2,734 square feet. The Property was constructed in 2021 and is currently 100% leased at market rents. The luxury residential units feature various studio, one-bedroom, and two-bedroom units all with open floor plans, spacious living areas, ample glass, and modern kitchen and bathrooms. 17 of the 21 units feature a 30 SF usable balcony. The entire ground floor retail space was recently leased to Thai Time, a new-to-market Thai restaurant that specializes in healthy and plant-based dishes. The retail lease is 7 years and 6 months long commencing September 1, 2023. The Southsider is being sold for $8,995,000 which equates to a 4.53% blended capitalization rate based upon actual income & OpEx. The buyer may assume the existing $5,800,000 loan, which is approx. 64% loan-to-value. The loan matures July 31, 2031 (more than 8 years left) with a current interest rate of 3.75% fixed for three more years.
Features
INTERIOR
| Basement | None Concrete |
| Interior Features | Laminate In Each Unit |
| Cooling Types | Central |
| Heating Types | Central |
EXTERIOR
| Parking Types | Covered Uncovered |
| Exterior Features | Court City |
| Irrigation | Irrigation Connected |
| Sewer | Public Sewer |
PROPERTY
| Property Type | Residential Income |
| Property Sub Type | 5 or More Units |
| Style | Modern/High Tech |
| Year Built | 2020 |
| HOA Fee | $0.00 |
| County | sacramento |
| School District | sacramento unified |
| Neighborhood |
Based on information from MetroList®, last updated 12/06/2023 at 06:16am MST. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information.. Information deemed reliable but not guaranteed by the MLS or this website. See full DMCA disclaimer See full MetroList Terms Of Use
