$850,000
$900,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
0.25 Acres Lot
SOLD DATE : 08/08/2022
Key Details
Sold Price $850,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 222066901
Sold Date 08/08/22
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1960
Lot Size 10,890 Sqft
Acres 0.25
Property Description
Solid investment opportunity. Its a unique 6 units apartment in the middle of single family homes. 2 bedroom 1 bath each . Single story building. One building. Slab foundation. Stucco on the outside. Dual pane windows. Low maintenance. All units are occupied. 3 section 8 tenants and 3 regular tenants. All units are in good condition. 4 tenants have been there for over 2 years. Total monthly rent is $7206. One of the best investment properties on the market with great cash flow. Rents are below market. Market rents in that area are over $1400 now. It has tons of potential to get much higher return in the future. Laundry room can be utilized to get extra income. If you are doing an exchange then this is your property to hold for long term. Sacramento market is super hot and the rents are sky rocketing. This is the time to get in and enjoy the return on your money. Its a must see.
Location
State CA
County Sacramento
Area 10815
Direction From hwy 80 exit marconi. Follow the road and it becomes arcade.
Interior
Heating Wall Furnace
Cooling Wall Unit(s)
Flooring Tile, Laminate, Vinyl
Laundry In Common Area, Washer/Dryer Hookups
Exterior
Garage Uncovered
Utilities Available Electric
Water Access Desc Meter on Site
Roof Type Shingle
Total Parking Spaces 5
Building
Lot Description Shape Regular
Story 1
Foundation Concrete, Slab
Sewer In & Connected
Water Meter on Site
Level or Stories One
Schools
Elementary Schools Twin Rivers Unified
Middle Schools Twin Rivers Unified
High Schools Twin Rivers Unified
School District Sacramento
Others
Senior Community No
Tax ID 251-0301-032
Special Listing Condition None
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Bought with Big Block Realty North