1509 27th Street

The Fourplex at 1509 27th Street is a fully-leased two-story mid-rise project comprised of four 1-bedroom and 1-bathroom apartments located in highly desirable Midtown Proper, Sacramento. The property features a laundry facility and communal backyard, with all interior upgrades of each unit completed in the past 3 years. Each unit boasts ±700 spacious square feet of comfortable living space and fine craftsmen details including engineered-wood floors, and wood-entry doors. Every kitchen has granite countertops, electric stoves, dishwashers, and microwaves. Each bathroom is accented with stainless light fixtures and granite backsplashes in the showers.

In addition to being fully leased with tenants month-to-month, 1509 27th Street enjoys one of, if not, the best locations in Midtown Proper. Prominently positioned on a 3,049 square foot parcel on 27th Street between O and P Streets, the Subject Property lies within easy walking distance to over 30 Midtown eateries and cafes and is just down the street from the Capitol of California.

Midtown’s 1509 27th Street is being offered at a price of $900,000 based on an in-place net operating income of $36,750 inclusive of pro-forma property taxes.