1614 K Street

Midtown

1614 K Street

Region: Midtown
Use: Multifamily
Lease or Sale: Sale
Building Size: ±12,858 SF
Sale Price: $2,500,000

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.

Offered for $2,500,000, this represents an “as-is” capitalization rate of 3.80% inclusive of pro-forma property taxes and a 4% vacancy factor. Each unit is efficiently designed to provide residents with ample kitchen and cabinet space, including electric stoves, window-unit A/C, generously sized living rooms and a spacious separate bedroom area with a hall bathroom. In addition, the Property contains eight (8) onsite parking spaces.

 

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