$435,000 Price Analysis    ♡   Sacramento, CA 95821 3 bed 1 bath 1,349 SqFt ($322/SqFt) 6,970SqFt lot. Built 1940 Listed 2023-08-26, Taxes $3,178 | Ⓧ USDA Ineligible due to location near Sacramento |
INVESTOR'S FANTASY An exceptional opportunity emerges to acquire property lining Marconi Ave with C-2 Commercial zoning
Boasting the potential for subsequent commercial development. There is also the potential to enhance rental income upto $250, 000 by adding Additional Dwelling Units (ADUs) on each lot, leveraging the CalHFA grant of up to $40, 000 for ADU pre-development. This portfolio is stratgically situated within the Opportunity Zone - tax deferral program for capital gain and enjoys a substantial average daily traffic (ADT) of 26, 926 vehicles along Marconi Ave.
In reference to other listings, the portfolio encompasses 8 residential units(4 SFR, 2 DUPLEXES) dispersed across 6 lots. These properties are identified a s 2117, 2121, 2125, 2129, 2133, 2137 Marconi Avenue, Sacramento. The portfolio generates income through the rental of 1 Commercial Sign Board. Altogether, these properties, including the Sign Board, yield a gross rental income of $150, 000.00. Refer to the attached offering memorandum.
Presented by Muhammad Chaudhary at
Keller Williams Realty.
Property MLS #223082516 from MetroList
Full Bathrooms: 1
Laundry Features: In Garage
Heating Features: Central
Kitchen Features: Kitchen/Family Combo
Other Structures: Workshop
Road Responsibility: Public Maintained Road
Lot Dimensions Source: Acres
Lot Size Acres: 0.1600092
Lot Size Source: Assessor Auto-Fill
Topography: Level, Level
Lot Size Square Feet: 6970
Garage Description: Detached, 1/2 Car Space, RV Access, RV Possible, Detached, Workshop in Garage
Parking Features: 1/2 Car Space, No Garage, RV Access, RV Possible, Detached, Workshop in Garage
Calculated Total Monthly Association Fees: 0
High School District: San Juan Unified
Middle or Junior School District: San Juan Unified
Map directions Map directions Map directionsSource Listing Status: Active
County: Sacramento
Cross Street: Howe Ave
Current Use: Vacation Rental
Directions: I-80 Business North, Take exit at Marconi Avenue East, Property Address will be on the Left after passing one signal.
Disclaimer: All measurements and calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Copyright 2024, MetroList Services, Inc. Any offer of compensation in the real estate content on this site is made exclusively to Broker Participants of the MetroList MLS & Broker Participants of any
Distance To Bus Comments: On Transit Line
Source Property Type: Residential
Distance To Shopping Comments: On Street
Area: 10821
Source Neighborhood: 10821
Parcel Number: 266-0170-022-0000
Zoning Description: C-2
Property Subtype: Single Family Residence
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $148,019 + $108,958 $256,977 | $3,178 |
| 2022 | $145,117 + $106,822 $251,939 | $3,159 |
| 2021 | $66,114 + $48,711 $114,825 | $1,501 |
| 2020 | $65,437 + $48,212 $113,649 | $1,472 |
| 2019 | $64,154 + $47,267 $111,421 | $1,443 |
| 2018 | $62,897 + $46,341 $109,238 | $1,423 |
| 2017 | $61,664 + $45,433 $107,097 | $1,408 |
| 2016 | $60,455 + $44,543 $104,998 | $1,319 |
| 2015 | $59,547 + $43,874 $103,421 | $1,295 |
| 2014 | $58,381 + $43,015 $101,396 | $1,271 |
| 2013 | $58,118 + $42,821 $100,939 | $1,271 |
| 2012 | $56,979 + $41,982 $98,961 | $1,185 |
| 2011 | $55,862 + $41,159 $97,021 | $1,157 |
| 2010 | $55,445 + $40,852 $96,297 | $1,124 |
| 2009 | $55,577 + $40,950 $96,527 | $1,117 |
| 2008 | $54,488 + $40,148 $94,636 | $1,095 |
| 2007 | $53,420 + $39,361 $92,781 | $1,071 |
$435,000
MetroList
Sold 2021-03-23
$247,000
MetroList
Listed 2020-12-05
$450,000
MetroList
Sold 2000-11-27
$82,500
Public Record
Year Built: 1940
Other Buildings: Workshop
Construction Materials: Stucco, Frame, Wood
Foundation Details: Slab
Levels: One
Living Area Source: Owner
Property Age: 84
Roof: Composition
Structure Type: Detached
House Style: Ranch
Architectural Style: Ranch
Sewer: In & Connected, Public Sewer
Public
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.