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Cecilia Serpa-Makiewicz

serparealestate@gmail.com +1(209) 617-9027

$ 2,275,000

Est. payment -/mo

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Price Dropped by $113K

1517 17th ST Sacramento, CA 95811

5,362 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,362 sqft

Price per Sqft $424

MLS Listing ID 226015104

HOA Y/N No

Year Built 1923

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

We are proud to present 1517 17th Street an exceptional investment opportunity in the Heart of Midtown Sacramento. The subject property is a fully remodeled, turn-key multifamily asset located in one of Midtown Sacramento's most vibrant and desirable neighborhoods. This rare offering provides a compelling combination of stabilized income, recent capital improvements, and significant upside potentialall at an attractive cap rate and below-market basis. The subject property consists of 13 Units Total: (5) Standard Studios, (5) Deluxe Studios, (2) 1BR/1BA Units, and (1) Spacious 1BR/1.5BA Unit. Upgrades include a new roof (TPO, installed 6 months ago), brand-new electrical system ($150,000+ invested), modern HVAC systems (Mini Splits & PTAC). The units include open floor plans, new appliances, refinished original hardwood floors, and updated lighting throughout. As you walk into the front door you will notice the upgrades interior hallways featuring new flooring, fresh paint, LED recessed lighting, and a secured access system. Located below the first floor is an on-site manager's office, full basement for storage, and washer/dryer hookups. Utilities (except water) are already tenant-paid; a RUBS system could add $25-$75/unit monthly by passing along water, sewer, and garbage costs. 1517 17th Street is situated on the corner of 17th & Q Streets, this asset is just one block from Midtown's bustling retail and entertainment core. Residents enjoy walkable access to boutique shops, parks, popular restaurants, breweries, and nightlife. The property also benefits from alley access, mature trees, and low-maintenance landscaping, enhancing its overall curb appeal and livability. Minutes to California State Capitol, Highway 50 & Highway 80, with easy access to Sacramento's best neighborhoods and surrounding desirable areas & employment.

Location

State CA

County Sacramento

Area 10811

Direction Corner of 17th Street and O Street in Downtown Sacramento.

Rooms

Other Rooms Unit-1 Approx SqFt: 625 Bedrooms: 13 Full Baths: 9 Partial Baths: 1 Total Rooms: 2 Rent: 1700 SqFt Source: Owner

Interior

Heating Varies by Unit

Cooling Ceiling Fan(s), Wall Unit(s), Ductless, Window Unit(s), Varies by Unit

Flooring Varies by Unit

Laundry Washer/Dryer Owned, Washer/Dryer Hookups

Exterior

Parking Features Offsite, See Remarks

Utilities Available Other

Water Access Desc Meter on Site

Building

Lot Description Corner

Story 2

Foundation Concrete

Sewer Public Sewer

Water Meter on Site

Schools

Elementary Schools Sacramento Unified

Middle Schools Sacramento Unified

High Schools Sacramento Unified

School District Sacramento

Others

Senior Community No

Tax ID 006-0236-019

Special Listing Condition None

Listed by Collier's International

Nearby Locations

Cecilia Serpa-Makiewicz

Agent | License ID: 01982464

+1(209) 617-9027

Cecilia Serpa-Makiewicz

1517 17th ST Sacramento, CA 95811

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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1517 17th ST