$359000 Price Analysis    ♡   Sacramento, CA 95821 2 bed 1 bath 718 SqFt ($500/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 adding 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 Mar coni 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, 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 memorndum.
Presented by Muhammad Chaudhary at
Keller Williams Realty.
Property MLS #223082498 from MetroList
Flooring: Carpet, Laminate
Lot Size Acres: 0.16
Lot Size Square Feet: 6970
Garage Description: Attached
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: 266-0170-025-0000
Zoning: C-2
Property Subtype: Single Family Residence
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $116916 + $86063 $202979 | $2566 |
| 2021 | $66114 + $48711 $114825 | $1501 |
| 2020 | $65437 + $48212 $113649 | $1472 |
| 2019 | $64154 + $47267 $111421 | $1443 |
| 2018 | $62897 + $46341 $109238 | $1423 |
| 2017 | $61664 + $45433 $107097 | $1408 |
| 2016 | $60455 + $44543 $104998 | $1319 |
| 2015 | $59547 + $43874 $103421 | $1295 |
| 2014 | $58381 + $43015 $101396 | $1271 |
| 2013 | $58118 + $42821 $100939 | $1271 |
| 2012 | $56979 + $41982 $98961 | $1185 |
| 2011 | $55862 + $41159 $97021 | $1157 |
| 2010 | $55445 + $40852 $96297 | $1124 |
| 2009 | $55577 + $40950 $96527 | $1117 |
| 2008 | $54488 + $40148 $94636 | $1095 |
| 2007 | $53420 + $39361 $92781 | $1071 |
$359000
MetroList
Listed 2023-08-26
$365000
MetroList
Listed 2021-03-26
$199000
MetroList
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 2021-02-21
$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 2020-11-14
$199000
MetroList
Listing removed 2019-10-16
$199000
MetroList
Listed 2019-04-11
$199000
MetroList
Listing removed 2019-02-05
$225000
MetroList
Listing removed 2018-09-16
$225000
MetroList
Listed 2018-03-17
$225000
MetroList
Sold 2000-11-27
$82500
Public Record
Construction Materials: Frame
Foundation Details: Raised
Levels: One
Living Area Source: Owner
Property Age: 84
Roof: Roof Description:Composition
Levels or Stories: 1
Structure Type: Detached
House Style: Traditional
Public
Water Source: Public
 |  | |||
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.