Turton Commercial Real Estate is pleased to present the opportunity to purchase 100% fee simple interest in 601 – 605 15th Street, a recently renovated mixed-use, investment opportunity including 4 modern apartment units (three 1-bedroom/1 bath and one 2 bedroom/1 bath) on the 2nd floor and a 3,764 SF restaurant on a new five-year lease. Located in Sacramento’s Urban Core within the historic Alkali Flats neighborhood, this scarce opportunity generates a Net Operating Income of $131,119.97 and is priced at $1,895,000 based on a 6.9% capitalization rate on existing income inclusive of pro-forma property taxes and NNN reimbursement.

The Property is an approximate 6,512 RSF, 2-story, mixed-use commercial building situated on an approximate 6,199 SF parcel of land. The 1st floor consists of fully improved restaurant space currently occupied by Stormies Restaurant and Bar. The 2nd floor consists of 4 modern and recently renovated apartment units. In addition, the Property features 5 parking stalls.