2320 P Street, Sacramento, CA 95816 For Sale

Sutter House Aparments ( 2320 P Street) FULLY OCCUPIED

Intero Real Estate Services is pleased to present the Sutter House Apartments, a 34 unit complex located in midtown Sacramento.

Midtown Location:

2320 P Street is located in the heart of Midtown. A charming community with easy freeway access, walk score of 88/100 and a bike score of 99/100. Located approximately 2 miles from Golden 1 Center, 5 miles from Sacramento State University and just 1 mile from the State Capitol, 2320 P Street is easily rentable and has rare vacancies that are easily filled when needed.

Recent work and comparable rents

The owner has meticulously maintained this property for over 20 years. Recent upgrades include all new elevator mechanisms, new HVAC, new electrical, new exterior paint and fresh new interior paint of common areas as well as window replacement in 2019 and new PVC roof membrane in 2018. The rents are all lower than average at this time with the highest being $1,450, The average rent for a one bedroom apartment in Midtown Sacramento is approximately $2,072, according to Rent Hop. Realtor.com reports a median rental price of $2,199 across all active apartments in the area, while Zumper notes a Midtown average of $1,595.

Additional Income:

A pay per use laundry room generates income of approximately $380 per month, while the parking generates additional income of approximately $1,400 per month. At this time the owner does not charge the tenants for water, sewer or garbage. Tenants are responsible for SMUD. Owner will consider all reasonable offers.