Sixteen 20 G 1620 G St 20 Unit Apartment Building $6,054,752 CAD ($302,738 CAD/Unit) 5.01% Cap Rate Sacramento, CA 95814

Sixteen 20 G has undergone an extensive renovation as of 2019, transforming both the exterior and interior of the complex to create a modern, turn-key community ideal for new investors. Originally built in 1959, this property now showcases the look and feel of a newly constructed development, aligning perfectly with the ongoing gentrification in Downtown-Midtown Sacramento.
The building consists of 20 units, featuring a mix of studio, one-bedroom, and two-bedroom apartments, alongside convenient off-street parking and on-site laundry facilities. The unit breakdown includes 4 studios, 14 one-bedrooms with four distinct floor plans, and 2 two-bedroom units. This secured community impresses with elegant redwood timber entry doors, and enhanced trim around a portion of the pool. Off-street covered parking spaces are available for lease, and a Ratio Utility Billing System (RUBS) has been implemented to recapture some of the common area utility expenses. Each unit is individually metered for gas and electricity, with the owner responsible for sewer, water, garbage, common area lighting, and water heating.
Inside, every unit features an open floor plan with new vinyl plank flooring in the living areas, kitchens, and bathrooms, complemented by cozy carpeting in the bedrooms. The units are equipped with stylish six-panel doors, countertops, vanities, and showers, elevating the living experience. Stainless steel appliances and faucets add a modern touch that will impress tenants upon entry. Additionally, each unit comes with wall heating and air conditioning, as well as ceiling fans in the bedrooms for optimal comfort.
A new investor will appreciate the personal touch and craftsmanship that went into this impressive remodel, along with the advantage of a solid infill location that positions Sixteen 20 G as a prime asset in the market.