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Sacramento,CA 95816
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 7,324 sqft
Price per Sqft $245
MLS Listing ID 225012102
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1938
Lot Size 0.290 Acres
Acres 0.29
Property Description
Discover a rare investment opportunity in the heart of Midtown Sacramento. This captivating property features four single-level duplexes, each showcasing charming Tudor styling and incredible curb appeal. Built in 1938, this well-maintained complex offers a mix of one-bedroom, one-bath units, ranging from approximately 666 to 896 square feet. Each unit includes an enclosed one-car garage, a highly desirable amenity in this vibrant urban location. Currently generating $12,245 per month in rental income, the property offers immediate cash flow with significant upside potential. Pro forma rents are estimated at $13,200 or more, presenting a compelling value-add opportunity. Enhance the value further through strategic capital improvements and the implementation of a Ratio Utility Billing System (RUBS). Residents will enjoy unparalleled access to the best of Midtown Sacramento. Easy access to a diverse array of restaurants, cafes, and shops, or explore the vibrant cultural scene. The State Capitol, major freeways, and public transportation are all within easy reach. Conveniently located near Safeway and the Sacramento Natural Foods Co-Op, grocery shopping is a breeze.
Location
State CA
County Sacramento
Area 10816
Direction Please use GPS
Interior
Heating Wall Furnace
Cooling None
Flooring Vinyl,Wood
Appliance Free Standing Gas Oven,Free Standing Gas Range
Laundry Varies by Unit
Exterior
Parking Features Detached
Garage Spaces 8.0
Utilities Available Natural Gas Connected,City
Water Access Desc Meter on Site
Roof Type Composition
Total Parking Spaces 8
Building
Lot Description Shape Regular
Story 1
Foundation Slab
Sewer In & Connected
Water Meter on Site
Architectural Style Tudor
Schools
Elementary Schools Sacramento Unified
Middle Schools Sacramento Unified
High Schools Sacramento Unified
School District Sacramento
Others
Senior Community No
Tax ID 010-0036-014-0000
Special Listing Condition Successor Trustee Sale