3511 J Street
3511 J Street
Region: East Sacramento
Lease or Sale: Sale
Building Size: ±3,000 SF Sale Price: $2,300,000
Turton Commercial Real Estate is pleased to present the opportunity to purchase 100% fee simple interest in 3511 J Street, a premiere multifamily fourplex investment or owner-user opportunity in East Sacramento. The Property is being offered for $2,300,000 which equates to a 4.05% capitalization rate on existing income. Included in the purchase price, though, is a full set of permit-ready construction drawings to develop the back half of the parcel.
3511 J Street is a four-unit residential building comprised of four one bedroom and one-bathroom luxury units. The Property was completely remodeled in 2020, including top-to-bottom upgrades to all residential units and common areas, including but not limited to new plumbing, electrical, and HVAC units.
Furthermore, the Property features a four-car garage at the rear of the property, accessible off Harmon Alley. The residents also have access to a spacious and recently landscaped backyard, which features a dedicated BBQ, several seating areas, and raised garden beds for the tenant’s use.
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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