1614 K Street Apartments

Midtown

1614 K Street Apartments

Region: Midtown
Use: Multifamily
Lease or Sale: Sale
Building Size: ±8,192 SF
Sale Price: $2,100,000

Turton Commercial Real Estate is pleased to present to market a rare eight (8) unit artist-loft building located on the highly desirable K Street thoroughfare in the much sought after live-work-play destination of Midtown Sacramento. Prominently positioned on a 12,858 SF parcel on K Street between 16th and 17th Streets, the Subject Property is a walker’s paradise located within an easy stroll to over 20 of Sacramento’s finest midtown eateries, cafes, and local watering holes.

The Subject Property presents a stabilized-income opportunity with a favorable composition of artist-loft studios with rents set by SHRA, approximately 1,000 SF in size. Offered for $2,100,000, this represents an “as-is” capitalization rate of 4.4% inclusive of pro-forma property taxes.

You might also like: