916 24Th St Sacramento, CA 95816

This Sacramento mixed-use property presents a compelling value-add investment opportunity. Located at 916-918 24th Street in the vibrant Midtown Sacramento neighborhood, this 4,558 square foot building offers four residential units – two 2-bedroom/1-bathroom and two 1-bedroom/1-bathroom apartments – all currently boasting 100% occupancy. The ground floor features two 800 square foot retail spaces, ideal for local businesses. The property benefits from a recently replaced roof (2018), on-site laundry facilities, and a secure gated rear yard. With a current NOI of $66,535 and a pro-forma NOI of $68,562, this property offers a 4.84% cap rate and a pro-forma cap rate of 4.99%. The asking price is $1,375,000, translating to a price per square foot of $301.67. The property's location within a thriving community with a walk score of 97, a strong and growing population (currently exceeding 27,500, projected to reach nearly 29,000 by 2028, with a wider area population exceeding 146,000), and a higher-income demographic ensures consistent rental income and significant upside potential. This is an exceptional opportunity to acquire a well-maintained, income-producing asset in a highly desirable location. The building was constructed in 1905.