$1,500,000 Price Analysis 2615 P StSacramento, CA 95816 0 bed None bath 4,816 SqFt ($311/SqFt) 6,534SqFt lot. Built 1924 Listed 2024-06-05, Taxes $15,032 | Ⓧ USDA Ineligible due to price & location near Sacramento |
With stable cash flow and additional value-add opportunity through ADU (Accessory Dwelling Unit) development on the back half of the 0.15 acre parcel. The Property is being offered for sale at $1, 500, 000.00, reflective of a 4.87% capitalization rate on actual income and operating expenses, with reassessed property taxes. The fourplex consists of four, nearly identical, one bedroom one bathroom units with sizeable 900 square foot floor plates consisting of living room, dining room, kitchen, bathroom, bedroom and laundry room.
The Property has had several tasteful renovations made to modernize the residents living experience while retaining the craftsman charm of this 1924 build. All units boast an in-unit washer and dryer, updated kitchen and bathroom, mini split HVAC system, hardwood floors, impressive natural light and an extremely stable rental history. The Property's location, quality of rental units and ideal unit mix, generate impressive rental demand and cash flow, making this a desirable opportunty for an investor or owner occupant. Please contact listing agent with further questions or for underwriting.
Presented by Jack B Scurfield at
Ken Turton, Broker.
Property MLS #224060825 from MetroList
Year | Assessments Building + Land Total | Tax |
---|---|---|
2023 | $900,648 + $348,464 $1,249,112 | $15,032 |
2022 | $882,989 + $341,632 $1,224,621 | $14,781 |
2021 | $865,676 + $334,934 $1,200,610 | $14,084 |
2020 | $856,800 + $331,500 $1,188,300 | $14,202 |
2019 | $675,988 + $289,709 $965,697 | $11,635 |
2018 | $662,734 + $284,029 $946,763 | $11,334 |
2017 | $649,740 + $278,460 $928,200 | $11,181 |
2016 | $637,000 + $273,000 $910,000 | $10,832 |
2015 | $166,643 + $50,701 $217,344 | $2,918 |
2014 | $163,379 + $49,708 $213,087 | $2,850 |
2013 | $162,641 + $49,484 $212,125 | $2,815 |
2012 | $159,452 + $48,514 $207,966 | $2,718 |
2011 | $156,326 + $47,563 $203,889 | $2,666 |
2010 | $155,158 + $47,208 $202,366 | $2,623 |
2009 | $155,527 + $47,321 $202,848 | $2,618 |
2008 | $152,478 + $46,394 $198,872 | $2,569 |
2007 | $149,489 + $45,485 $194,974 | $2,510 |
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.