$435,000
Beds:
3
Bath:
1
Sqft:
1,349
Sqft lot:
6,970
Acre lot:
0.16
252 Days On Market -
Courtesy of KW CA Premier - Sacramento.
Status:
Active
Property Type:
Single Family Residence
Year Built:
1940
Days On Website:
252
Description
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
Appliances & Equipment
- Built-In Gas Range
Bathrooms
- 1 full bathroom
- Tub
Bedrooms
- 3 bedrooms
Building
- 1 story
- Built in 1940
- Stucco
- Frame
- Wood
- See Remarks
- Workshop
- Ranch
Dining Room
- Formal Room
Foundation
- Slab
Garage
- 3 garage spaces
- 1/2 Car Space
- No Garage
- RV Access
- RV Possible
- Detached
- Workshop in Garage
Water Features
- Public
Heating
- Central
Interior Features
- Carpet
- Laminate
- Linoleum
- Vinyl
Kitchen
- Kitchen/Family Combo
Laundry
- In Garage
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
- In & Connected
- Public Sewer
Utilities
- Public
Property Map
Map View
$435,000 - 2137 Marconi Avenue, Sacramento, CA 95821
Street View
Directions
2137 Marconi Avenue
Sacramento, CA 95821
Sacramento
Nearby Schools
Local Sales
This data up-to-date as of May 4, 2024 2:53AM.