Orangevale, CA 95662,6228 Walnut Ave
$500,000
$599,000
16.5%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

8,712 Sqft Lot

6228 Walnut Ave Orangevale, CA 95662

Est. payment /mo
SOLD DATE : 06/05/2023

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $500,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 41005301

Sold Date 06/05/23

HOA Y/N No

Year Built 1958

Lot Size 8,712 Sqft

Property Description

NNN investment with 5 year lease at $3,000/month. 6.0% cap rate! Commercial retail property and current location of Sacramento Smog & Auto Repair. The property was built in 1958 and offers approximately 2,180 square feet of rental space and sits on a 8,670 square foot lot with room for ample parking. The property is being offered with an absolute NNN lease with 5 years term and 2.5% annual rent increases. The owner/tenant will be responsible for all expenses including property tax, interior and exterior maintenance, insurance, and all utilities. All deferred maintenance has been addressed resulting in a stress-free, turn-key, property with zero management responsibilities.

Location

State CA

County Sacramento

Interior

Fireplace No

Exterior

Total Parking Spaces 20

Others

Tax ID 2230110046000

Read Less


California Regional MLS (CRMLS)
Listed by David Howarth • The Pinza Group, Inc
Bought with David Howarth • The Pinza Group, Inc

GET MORE INFORMATION

Nicole Parent

Broker Associate | License ID: 01827226

+1(559) 930-7171

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.