1824 Avondale Avenue Active Save Request In-Person Tour Request Virtual Tour
Sacramento,CA 95825
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 225113215
Year Built 1972
Lot Size 3,703 Sqft
Property Sub-Type Office
Property Description
The property features four suites, currently configured as two dental office practices, with one doctor occupying three suites and another doctor occupying one suite. The building has been well maintained inside and out, presenting an excellent opportunity for an investor seeking steady income with minimal management responsibilities. Medical office building built in 1972. The entire building is leased through December 31, 2027, and both tenants have expressed willingness to extend beyond the current lease term. Current rental income is $72,000 per year, with tenants responsible for trash, water, sewer, utilities, and renter's insurance. The property is in great condition and continues to benefit from consistent care. This is a strong, income-producing asset that is well positioned for continued occupancy. The cap rate based on the offered purchase price and current rental income is 10.29 percent. Time is of the essence, contact the listing agent for more information.
Location
State CA
County Sacramento
Area 10825
Interior
Heating Central
Cooling Central
Flooring Vinyl
Exterior
Parking Features Open,Private,Common Area Shared,Public
Utilities Available Separate Gas Meter
Roof Type Composition
Building
Lot Description Auto Sprinkler Front,Low Maintenance
Story 1
Foundation Concrete
Sewer Public Sewer
Water Irrigation District,Public
Others
Special Listing Condition Offer As Is