231 3rd Street is a 5,575 SF, mixed-use, 2 story building with a basement. It has wood frame construction, central HVAC systems, attractive lattice windows, a pitched tile roof, and onsite parking. The retail or office portion is on the ground floor with 1,750 SF. There is a 1,825 SF basement that has access via a freight elevator, and the second floor consists of two apartment units that combine for approximately 2,000 SF.

The apartments are generating $2,325 per month, and they are never vacant. The current owner routinely has a surplus of interested tenants, indicating potential for higher rents.

Location Description:

This corner property is one block from the UC Davis campus. It has excellent street frontage in the popular downtown area, and it is located on one of the main corridors that several thousand pedestrians and cyclists pass by every day. The City of Davis lies on Highway 80, 11 miles from Sacramento, and it has in excess of 65,000 citizens, which does not include the 33,000 students attending the University.

Highlights:

>> Premier location, one block from UC Davis campus

>> Excellent street frontage

>> Onsite parking

>> Zoning has a wide range of permitted uses

>> Great opportunity for an Owner/User

>> Original owner

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Sales Info:

>> Commision split: 3.0%