$369000 Price Analysis    ♡   Sacramento, CA 95821 2 bed 1 bath 1098 SqFt ($336/SqFt) 6970SqFt lot. Built 1940 Listed 2023-08-26, Taxes $2566 | Ⓧ 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 addng Additional Dwelling Units (ADUs) on each lot, leveraging the CalHFA grant of up to $40, 000 for ADU pre-development. This portfolio is strategically 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 as 2117, 2121, 2125, 2129, 2 133, 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 #223082447 from MetroList
Flooring: Carpet, Laminate
Kitchen Features: Breakfast Area
Lot Size Acres: 0.16
Lot Size Square Feet: 6970
Garage Description: Uncovered Parking Space
Open Parking Spaces: 2
Roads: Asphalt
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 directionsCounty: Sacramento
Cross Street: Howe Ave
Directions: I-80 Business North, Take exit at Marconi Avenue East, Property Address will be on the Left after passing one signal.
Distance To Bus Comments: On Transit Line
Source Property Type: Residential
Distance To Shopping Comments: On Street
Area: Sacto Arden/Arcade Creek/Vicinit
Source Neighborhood: 10821
Parcel Number: 266-0170-027-0000
Zoning: C-2
Property Subtype: Single Family Residence
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $100475 + $102504 $202979 | $2566 |
| 2021 | $98523 + $100477 $199000 | $2522 |
| 2020 | $79744 + $89712 $169456 | $2143 |
| 2019 | $75947 + $85440 $161387 | $2044 |
| 2018 | $71649 + $80604 $152253 | $1944 |
| 2017 | $66342 + $74634 $140976 | $1823 |
| 2016 | $62002 + $69752 $131754 | $1631 |
| 2015 | $59050 + $66431 $125481 | $1552 |
| 2014 | $57330 + $64496 $121826 | $1508 |
| 2013 | $49000 + $55125 $104125 | $1308 |
| 2012 | $39200 + $44100 $83300 | $1010 |
| 2011 | $39200 + $44100 $83300 | $1004 |
| 2010 | $100339 + $74388 $174727 | $1979 |
| 2009 | $100339 + $74388 $174727 | $1963 |
| 2008 | $142261 + $105468 $247729 | $2748 |
| 2007 | $8496 + $20791 $29287 | $387 |
$369000
MetroList
Listed 2023-08-26
$375000
MetroList
Listing removed 2022-12-16
$0
AppfolioUnits
Listing removed 2022-12-15
$0
Mynd.co
Listed for rent 2022-12-03
$1700
AppfolioUnits
Listed for rent 2022-12-03
$1700
Mynd.co
Listing removed 2022-11-29
$0
AppfolioUnits
Listing removed 2022-11-27
$0
Mynd.co
Listed for rent 2022-11-10
$1700
AppfolioUnits
Listed for rent 2022-11-09
$1700
Mynd.co
Sold 2021-03-23
$199000
MetroList
Relisted 2021-03-12
$199000
MetroList
Listing removed 2021-03-06
$199000
MetroList
Relisted 2021-02-23
$199000
MetroList
Listing removed 2021-02-20
$199000
MetroList
Relisted 2021-02-09
$199000
MetroList
Listing removed 2021-02-01
$199000
MetroList
Relisted 2020-11-24
$199000
MetroList
Listing removed 2020-11-21
$199000
MetroList
Listed 2020-11-06
$199000
MetroList
Listing removed 2020-10-24
$899000
MetroList
Relisted 2020-10-12
$899000
MetroList
Listing removed 2020-10-09
$899000
MetroList
Listing removed 2020-09-25
$224900
MetroList
Listed 2020-09-25
$899000
MetroList
Listing removed 2019-10-16
$213000
MetroList
Listed 2019-04-11
$213000
MetroList
Listing removed 2019-02-05
$269000
MetroList
Listing removed 2018-10-02
$269000
MetroList
Listed 2018-04-02
$269000
MetroList
Listing removed 2017-09-19
$190000
MetroList
Listed 2017-08-08
$190000
MetroList
Listing removed 2011-09-09
$89000
MetroList
Listed 2011-02-10
$89000
MetroList
Sold 1986-07-11
$105620
Public Record
Construction Materials: Frame, Glass, Wood, Wood Siding
Foundation Details: Raised
Levels: One
Living Area Source: Owner
Property Age: 84
Property Condition: Updated/Remodeled
Roof: Roof Description:Composition
Levels or Stories: 1
Structure Type: Detached
House Style: Traditional
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.