1823 P St, Sacramento, CA 95811

1823 P Street is being offered for sale as part of a two-property value-add portfolio priced at $155,000 per unit. The property features 6 total units situated in a 1,964 square foot two-story building. The property includes 1 one bed/one bath unit and 5 single room occupancy (SRO) units which share a common toilet room and shower room; 4 of the 5 SRO units have a small kitchenette with sink inside the unit. The property is currently 100% leased and generates a gross rent of approximately $5,240 per month with an average rent of $873 per month or $2.67 PSF. The existing structure is built on the front 1/3 of the parcel which leaves approx. 3,000 of buildable land to the north with access from Carriage Path Alley. The basement includes storage space and three (3) more potential SRO units each with a dedicated entry, living space, stubbed plumbing and electricity. The adjacent property (see separate listing for 1819-1821 P Street) is also available for sale, allowing an investor to acquire up to 20 residential units between the two properties; the properties may be purchased separately or together. The property is located near the corner of 19th and P Streets, just blocks from the Truitt Bark Park, Safeway Shopping Center, Ice Blocks, public transit, and dozens of amenities.