$700,000
$854,545
18.1%For more information regarding the value of a property, please contact us for a free consultation.
7,405 Sqft Lot
SOLD DATE : 07/24/2024
Key Details
Sold Price $700,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 224023253
Sold Date 07/24/24
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1960
Lot Size 7,405 Sqft
Acres 0.17
Property Description
Available as a Portfolio with 14 Units Next Door - 2562 Traction Ave. 8.55% Year One Cap Rate Underwritten to a Realistic 40% Expense Load. Majority of the Units Are Strategically Rented Through Section 8 Vouchers, Allowing For Guaranteed Income by State-Supported Programs. Low-Basis Acquisition Being Offered at $106,818/Unit. Close Proximity to Restaurants, Retailers, and Downtown Sacramento.
Location
State CA
County Sacramento
Area 10815
Direction North Sacramento.
Interior
Heating Wall Furnace
Cooling Wall Unit(s)
Flooring Tile, Laminate
Window Features Dual Pane Full
Appliance Gas Cook Top
Laundry Washer/Dryer Leased
Exterior
Garage Off Street
Utilities Available Natural Gas Connected, Electric
Water Access Desc Water District
Roof Type Flat
Total Parking Spaces 8
Building
Lot Description Sidewalk
Story 2
Foundation Slab
Sewer Public Sewer
Water Water District
Schools
Elementary Schools Sacramento Unified
Middle Schools Sacramento Unified
High Schools Sacramento Unified
School District Sacramento
Others
Senior Community No
Tax ID 263-0203-013-0000
Special Listing Condition Other
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Bought with ALIVE Commercial Real Estate