$425,000    ♡   Sacramento, CA 95821 4 bed 2 bath 1,452 SqFt ($292/SqFt) 6,970SqFt lot. Built 1940 Listed 2023-08-26, Taxes $3,120 | Ⓧ 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 wit hin 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 propertes 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 memorandum.
Presented by Muhammad Chaudhary at
Keller Williams Realty.
Property MLS #223082504 from MetroList
Flooring: Carpet, Laminate
Kitchen Features: Breakfast Area
Lot Size Acres: 0.16
Topography: Level
Lot Size Square Feet: 6970
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: 266-0170-024-0000
Zoning: C-2
Property Subtype: 2 Houses on Lot
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $168,300 + $76,500 $244,800 | $3,120 |
| 2021 | $66,114 + $48,711 $114,825 | $1,548 |
| 2020 | $65,437 + $48,212 $113,649 | $1,517 |
| 2019 | $64,154 + $47,267 $111,421 | $1,487 |
| 2018 | $62,897 + $46,341 $109,238 | $1,466 |
| 2017 | $61,664 + $45,433 $107,097 | $1,451 |
| 2016 | $60,455 + $44,543 $104,998 | $1,360 |
| 2015 | $59,547 + $43,874 $103,421 | $1,335 |
| 2014 | $58,381 + $43,015 $101,396 | $1,311 |
| 2013 | $58,118 + $42,821 $100,939 | $1,304 |
| 2012 | $56,979 + $41,982 $98,961 | $1,217 |
| 2011 | $55,862 + $41,159 $97,021 | $1,189 |
| 2010 | $55,445 + $40,852 $96,297 | $1,156 |
| 2009 | $55,577 + $40,950 $96,527 | $1,148 |
| 2008 | $54,488 + $40,148 $94,636 | $1,126 |
| 2007 | $53,420 + $39,361 $92,781 | $1,101 |
$425,000
MetroList
Listed 2023-08-26
$435,000
MetroList
Listed 2021-03-26
$240,000
MetroList
Sold 2021-03-23
$240,000
MetroList
Relisted 2021-03-12
$240,000
MetroList
Listing removed 2021-03-06
$240,000
MetroList
Relisted 2021-02-23
$240,000
MetroList
Listing removed 2021-02-21
$240,000
MetroList
Relisted 2021-02-09
$240,000
MetroList
Listing removed 2021-02-01
$240,000
MetroList
Relisted 2020-11-24
$240,000
MetroList
Listing removed 2020-11-21
$240,000
MetroList
Listed 2020-11-14
$240,000
MetroList
Listing removed 2019-06-24
$259,000
MetroList
Listing removed 2019-06-14
$0
MetroList
Listed 2019-04-11
$259,000
MetroList
Listing removed 2019-02-05
$269,000
MetroList
Listing removed 2018-10-02
$269,000
MetroList
Listed 2018-04-02
$269,000
MetroList
Listing removed 2017-09-18
$259,000
MetroList
Listing removed 2017-09-18
$265,000
MetroList
Price Changed 2017-08-10
$259,000
MetroList
Listed 2017-05-02
$265,000
MetroList
Listed 2017-05-02
$265,000
MetroList
Sold 2000-11-27
$82,500
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
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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.