$425,000
Beds: 4
Baths: 2
Sqft: 1,452
Sqft lot: 6,970
Acre lot: 0.16
250 Days On Market -

MLS LogoCourtesy of KW CA Premier - Sacramento.

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Status: Active
Property Type: 2 Houses On Lot
Year Built: 1940
Days On Website: 250
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 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, 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.

Features

Listing

  • Source: Metrolist

Bathrooms

  • 2 full bathrooms
  • See Remarks

Bedrooms

  • 4 bedrooms

Building

  • 1 story
  • Built in 1940
  • Frame
  • See Remarks
  • Traditional

Dining Room

  • Space in Kitchen

Foundation

  • Raised

Garage

  • No Garage

Water Features

  • Public

Heating

  • Electric
  • See Remarks

Interior Features

  • Carpet
  • Laminate

Kitchen

  • Breakfast Area

Laundry

  • See Remarks

Location

  • Sacramento
  • 10821

Lot

  • 0.16 acres
  • 6,970 square feet

Pool

  • Pool: No

Property

  • C-2

Roof

  • Composition

Schools

  • District: Sacramento
  • Elementary School: San Juan Unified
  • High School: San Juan Unified
  • Middle/Junior School: San Juan Unified

Sewer

  • Public Sewer

Utilities

  • Public

Property Map

Map View

$425,000 - 2129 Marconi Avenue, Sacramento, CA 95821

Street View

Directions

2129 Marconi Avenue
Sacramento, CA 95821
Sacramento

Nearby Schools

Local Sales

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916-395-4450

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This data up-to-date as of May 2, 2024 3:53AM.