$700,000
$699,900
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2,640 SqFt
SOLD DATE : 10/16/2024
Key Details
Sold Price $700,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,640 sqft
Price per Sqft $265
MLS Listing ID 224088431
Sold Date 10/16/24
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1973
Lot Size 6,970 Sqft
Acres 0.16
Lot Dimensions 52X137X52X137
Property Description
One of Sacramento's last affordable Fourplexes with no HOA! Another Rare feature is that the units each have their own water Heaters and laundry hook up suitable for a stacker unit. Since the tenants pay for the water heater in their unit this saves the owner about$120-$200 a month over all Mckeon style 4 Plexes. Historically most fourplexes with their own laundry hook ups rent for as little more than average. There are 2 occupied units with tenants that have been there more than 25 years! Those are rented for $1135 Each. There are two rent-ready units that have been remodeled. According to Rentometer Pro the average rent in the area for a 2 bedroom, 1 bath is $1705. If the two vacant units are rented at market average value the total gross income would be $5680 Monthly or $68,160 Annually. This would provide a proformas GRM of 10.26! Keep in mind there is still lots of upside potential for rent improvements over time in the occupied units. The building has a stucco exterior and all dual pane windows. Offer with confidence knowing the seller has already had a whole house inspection and a pest inspection.
Location
State CA
County Sacramento
Area 10822
Direction Take Hwy 99 to Fruitridge (west) turn right onto 24th and then left on Yreka.
Rooms
Basement None
Interior
Heating Wall Furnace
Cooling Wall Unit(s), Window Unit(s), Varies by Unit
Flooring Carpet, Tile, Laminate, Varies by Unit
Window Features Dual Pane Full,Window Coverings
Appliance Free Standing Gas Range
Laundry In Each Unit, Washer/Dryer Hookups
Exterior
Exterior Feature Yard Space
Garage Side-by-Side
Utilities Available Natural Gas Connected, Electric
Water Access Desc Public
View City
Roof Type Composition
Topography Level
Accessibility None
Handicap Access None
Porch Uncovered Patio
Total Parking Spaces 12
Building
Lot Description Shape Regular, Landscape Back
Story 2
Foundation Raised
Sewer In & Connected
Water Public
Architectural Style Contemporary
Level or Stories Two
Schools
Elementary Schools Sacramento Unified
Middle Schools Sacramento Unified
High Schools Sacramento Unified
School District Sacramento
Others
Senior Community No
Tax ID 041-0052-003-0000
Special Listing Condition None
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Bought with 916 Mortgage and Realty Inc