Active
2009 N Street Sacramento, CA 95811
$1,745,000

MLS LogoCourtesy of Ken Turton, Broker.

Contact Me to Learn More

Tai Le

Tai Le

BANYAN PROPERTIES

Property Description

Very unique, single-tenant NNN investment opportunity in the heart of Midtown! Property is comprised of two structures on the same parcel: i) a 3,700 SF, three-story duplex located off N Street; and ii) a 2,200 SF repurposed shipping container restaurant located off Matsui Alley. Entire property, including both residential units and the shipping container restaurant, is master-leased to Federalist Public House, a popular restaurant/bar that has occupied the property since 2014. Lease is triple net, with the Tenant paying for ALL operating expenses and maintenance/repair to the property (except for the duplex roof). New five-year lease with large annual increases signed in Q4 2020. Current monthly rent is $8,000/NNN, which equates to a 5.5% capitalization rate on actual income. Rent increases to $8,750/NNN in year 3, $9,250/NNN in year 4, and $9,750/NNN in year 5. Seller recently completed approx. $100k in section 1&2 pest work. You will not find this return anywhere in the urban core!

Property Details & Features

Property Type

  • Other

Schools

  • Sacramento

Listing

  • Source: Metrolist

House

  • Built in 1907
  • 3 Stories
  • Frame
  • Wood
  • Craftsman

Floors

  • Wood

Heating

  • Central

Kitchen

  • Free Standing Gas Oven
  • Gas Water Heater
  • Built-In Gas Range
  • Built-In Refrigerator
  • Dishwasher

Location

  • Area: 10811
  • County: Sacramento

Lot

  • 0.15 Acres
  • Dimensions: 65 x 100

Property

  • Furnished: None
  • 3 Total Leasable Units

Roof

  • Composition

Schools

  • School County: Sacramento
  • School Name 1: Sacramento Unified
  • School Name 2: Sacramento Unified
  • School Name 3: Sacramento Unified

Tenant Pays

  • Electricity
  • Sewer
  • Insurance
  • Maintenance

This data up-to-date as of January 28, 2022 4:52PM.

Let’s Talk

You’ve got questions and we can’t wait to answer them.

We use cookies and tracking technology in connection with your activities on our website. By viewing and using our website, you consent to our use of cookies and tracking technology in accordance with our Privacy Policy.