3501 J Street
3501 J Street
Region: East Sacramento
Lease or Sale: Sale
Building Size: ±3,987 SF Sale Price: $2,315,000
Turton Commercial Real Estate is pleased to present the opportunity to purchase 100% fee simple interest in 3501 J Street, a premiere multifamily fourplex investment in East Sacramento. The Property is being offered for $2,315,000 which equates to a 4.54% capitalization rate on existing income. The Property is prominently located at the corner of J Street and 35th Street, located less than three blocks from both McKinley Park and Mercy Hospital.
The Property features two 2 bed/1 bath units and two 1 bed/1 bath units across two floors. In 2020, all four units were renovated head-to-toe, including luxury finishes; updated kitchens and bathrooms; and new plumbing, electrical, and HVAC. Further, the units feature high-end stainless appliances, real hardwood floors, quartzite counters, and solid wood cabinetry. The Tenants also enjoy a secluded and shaded backyard, including a built-in BBQ and covered seating area, and a four-car garage accessible off Harmon Alley.
Also included in the sale is an approved set of plans to construct a new structure in place of the existing garage that includes a 1,270 SF, two-bedroom and two-bathroom residential unit over a four-car garage.
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Use: Retail / Office / Restaurant
Lease or Sales: Lease
Leasable SF: 1,035 - 7,143 SF
Lease Rate: $1.50 - 3.25 SF/Month
Lot Size: 2.56 acres
Lease or Sales: Lease & Sale
Sale Price: $17,000,000