2416 S St Sacramento, CA 95816

Brittain Commercial is pleased to present 2416-2420 S Street, a 16-unit apartment community located in the prime Newton Booth submarket of Midtown Sacramento. Positioned in one of Sacramento's most desirable neighborhoods, the property offers residents unmatched convenience and a vibrant lifestyle. Current residents enjoy proximity to Sutter's Fort State Historical Park, Sutter Medical Center, Temple Coffee, Sacramento Natural Foods Co-op, the Light Rail system, Downtown Sacramento, and California State University, Sacramento. The community is surrounded by eclectic dining, live music venues, art galleries, and boutique shoppingplacing residents at the heart of Midtown's energy. Easy freeway access further enhances connectivity throughout the region. Under the same ownership since 1991, the property has been exceptionally maintained. The majority of units have been upgraded and are achieving market rents, while seven long-term tenancy units remain unrenovated, providing substantial upside through interior improvements and lease adjustments. This loss-to-lease opportunity positions new ownership to significantly enhanced NOI. There are 9 off-street parking spaces that can be rented separately for additional income. Common area maintenance fee of $35 per unit is currently in place