Exceptional Multi-Family Investment Prospect in the heart of Midtown Sacramento. Welcome to a unique opportunity with this 5-unit property, located in the vibrant and highly sought-after Midtown Sacramento. This property, with only two previous owners, is truly one-of-a-kind due to its prime location and exceptional amenities. Spread across a magical 0.44-acre lot, properties of this size are a rare find in Midtown. The property features R-3 (Residential) zoning and encompasses 19,200 sq ft (0.4408 acres). It includes five dwellings (Separate Addresses) and two garage buildings, with a total listed space of 4885 sq ft, though this may be understated. With no historical restrictions, you have the freedom to develop, construct, or remodel as you see fit. There are multiple development and investment options to consider. The City supports splitting the property into three separate parcels, each meeting the minimum zoning requirements of 160' x 40'. Single-family homes with 1200 sq ft ADUs are approved on each parcel. Alternatively, you can utilize the R-3 zoning and lot size to develop up to 16 units, with the city supporting a mix of apartments, condos, single-family residences, or multi-units. Addresses Include: 2017 10th St, 2021 10th St, 2029 10th St, 1003 U St, & 1007 U St.
For those looking for immediate rental income with future development potential, maintaining the existing five units while building additional units is an ideal option. This property offers incredible flexibility and significant upside potential, making it a great investment opportunity in Midtown Sacramento. Whether you choose to develop, split, or maintain and expand, this property is poised to deliver excellent returns. Don’t miss out on this rare chance to own a piece of Midtown’s real estate gem. Contact us today for more details and to schedule a viewing.
Current Rents Are As Follows (Long Term Tenants Are On Month To Month Leases): 2017 10Th St @ $1500 p/month, 2021 10th St @ $1500 p/month, 2029 10th St @ $1600 p/month, 1003 U St @ 1600 p/month, & 1007 U St @ $1595 p/month. Please check with the City To Verify Information In Description