6617 Madison Ave Carmichael, CA 95608-0646

Property Details for 6617 Madison Ave

Year built

1974

Construction

WOOD

Lot size

0.73 lot acres

Property size

6,912 SF

Zone code

BP

Property type

Office buildings

APN

232-0300-040-0000

APU

23203000400000

Description

This exceptional 6,912 square foot, multi-tenant office building presents a compelling investment opportunity in Carmichael, CA. Located on Madison Avenue, this single-story, Class C property boasts 100% occupancy with eight tenants and a strong net operating income (NOI) of $60,828, yielding a 5.58% cap rate. Built in 1974, the building sits on a 0.73-acre lot (31,732 sq ft) and features ample parking with a 5.93:1,000 sq ft ratio. The property benefits from high visibility and excellent access to Highway 80, connecting to Folsom and North Highlands. Individual units are accessed directly from the parking lot or breezeways, and the property offers multiple locations for tenant signage. The property is zoned for Business Professional use and presents a stabilized investment with potential for owner-user occupancy as leases expire. The asking price is $1,090,000. This is a rare opportunity to acquire a multi-tenant office building under $1 million in a desirable location. The modified lease structure provides flexibility for future management.

Location Insight

City

Carmichael

County

Sacramento

State

California

Longitude

-121.31

Latitude

38.6639

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments