Poverty Ridge Homes with Apartments Subtype Description

Poverty Ridge Homes with Apartments Subtype Description

Welcome to Poverty Ridge, a hidden gem nestled in the heart of Sacramento, California. This vibrant neighborhood is steeped in history and charm, offering a unique blend of urban living and suburban tranquility. Known for its diverse community and eclectic architecture, Poverty Ridge is a place where the past meets the present, making it an ideal spot for those seeking a dynamic lifestyle.

Poverty Ridge boasts a rich tapestry of homes, many of which feature the highly sought-after apartments subtype. These homes provide the perfect opportunity for multi-generational living or investment potential, allowing homeowners to enjoy the flexibility of additional rental income. With spacious layouts and thoughtful designs, these properties cater to a variety of lifestyles, whether you’re a young professional, a growing family, or an investor looking to capitalize on the thriving rental market.

The neighborhood is conveniently located just minutes from downtown Sacramento, where residents can enjoy a plethora of dining, shopping, and entertainment options. Parks and green spaces dot the area, offering residents the chance to unwind and connect with nature. The community spirit is palpable, with local events and gatherings that foster a sense of belonging among neighbors.

Poverty Ridge is more than just a place to live; it’s a community that embraces diversity and encourages growth. With its unique homes featuring apartments, this neighborhood is an excellent choice for those looking to invest in their future while enjoying all the perks of city living. Come explore Poverty Ridge, where your dream home awaits!

Newest Poverty Ridge Homes with Apartments Subtype Description

$2,800,000
4,739 SqFt. 226113912 MLS
5.6% ASSUMABLE LOAN! Welcome to 1928 21st Street a newly constructed, turnkey 6-unit apartment building located in the highly desirable and walkable Poverty Ridge neighborhood of Midtown Sacramento. Completed in November 2024, this fully leased investment property offers a rare opportunity to own modern multifamily real estate in a premium Sacramento location. Each of the six thoughtfully designed one-bedroom units features soaring ceilings, custom doors and windows, abundant natural light, efficient floor plans, and high-end finishes throughout. Every unit includes its own washer and dryer hookups as well as private outdoor space, with each residence offering a patio or balcony and select units featuring multiple balconies. The approximately 4,739-square-foot building generates strong, stabilized rental income totaling $16,500 per month, providing investors with an attractive income-producing asset with the benefits of newer construction and reduced near-term maintenance. Perfectly situated in historic Poverty Ridge, the property is within walking distance of light rail, Downtown Sacramento, restaurants, cafs, shopping, entertainment, and local parks. The combination of modern construction, private outdoor spaces, desirable unit amenities, strong rental income, and an exceptional central location makes 1928 21st Street a standout investment opportunity. Whether you're expanding an existing multifamily portfolio or seeking a low-maintenance, high-performing Sacramento asset, 1928 21st Street offers an exceptional combination of location, quality, and income.

1928 21st Street, Sacramento

Listing courtesy of eXp Realty of California Inc..

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