1720 N Street

Midtown

1720 N Street

Region: Midtown
Use: Multifamily
Lease or Sale: Sale
Building Size: ±8,221 SF
Sale Price: $3,298,000

Turton Commercial Real Estate is pleased to exclusively offer for sale 1720 N Street, dubbed the “Ambassador Gardens,” as a rare opportunity to acquire a centrally located multifamily asset in the urban core of Sacramento.

The Property is being offered for sale at $3,298,000, representing a pricing of approximately $235,571 per unit. Consisting of 14 residential units, a laundry room with coin operated machines, and covered parking, Ambassador Gardens provides a healthy unit mix of one 3 bedroom 1.5 bathroom unit, one 2 bed 1 bath unit, eight 1 bed 1 bath units, and four studios. The Property is currently 71% occupied and has just received over $100,000 in various improvements including renovations to vacant units, new fixtures and appliances, fresh exterior pain, and a new water heater. Ambassador Gardens is poised for stabilization to 100% occupancy at market rents and represents a strong “value-add” opportunity for any multifamily investor.

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