6617 Madison, Carmichael, CA 95608

$825,000

Property Description

Leased Investment property. The building has 12 suites of which all but one suite are leased. There are a total of 5 tenants, with some tenants occupying multiple suites. NOI, Gross income and cap rate calculations are based upon 100% occupancy. Expenses are based upon actual expenses for Jan-June 2020 and projections for the remaining part of the year. High identity building facing Madison with extensive frontage on Madison Avenue and at a higher level from the road, affording excellent visibility. Near the corner of Madison and Dewey Avenue. Direct access to the highway 80. Close proximity to Dignity Health hospital campus. Close to all parts of the Sacramento metro area including Roseville/Rocklin to the north and Folsom to the east. Near several other major retailers, shopping centers and other commercial. Major arterial road in the Sacramento area connecting highway 80 all the way to Folsom in the east. Investment opportunity.

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Courtesy of Re/Max Gold, .

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