3400 Watt AveSacramento, CA 95821

This exceptional investment opportunity presents a 7,859 square foot, two-story office building situated on a 0.33-acre lot in Sacramento, CA. The property, built in 1961 and renovated in 2020, boasts 12 units with a current occupancy of 53% and a Net Operating Income (NOI) of $87,531, yielding an 8.34% cap rate. The asking price is $1,049,000, translating to $133.48 per square foot. The building features 6,067 square feet of net rentable space and offers a mix of long and short-term tenants. Improvements completed in 2020 include a new roof, exterior HVAC units, restroom fixtures, and water heater. Amenities include 32 parking spaces (both covered and open), abundant natural light in suites, skylit hallways and common areas, and shared restrooms on each floor. The property benefits from excellent visibility on Watt Avenue, with easy access to Highways 80 and 50, and allows for monument signage. The permitted zoning is SC. This property is ideal for an owner-user seeking income from leased suites or an investor looking to increase occupancy and revenue. The lease type is gross, and there is no tenant credit rating available.