3251 24th Avenue
Sacramento, CA 95820
- – beds
- – baths
- – sqft
- 6,098 sqft lot
- 1939 build
- – on site
Investor Opportunity - 2 Homes on One Lot With potential Room For Expansion and a 8.4% CAP RATE Located in Sacramento, this prime investment opportunity features 2 homes on one lot with potential to add another ADU. The front house being paired with the new ADU offers immediate rental income. With the flexibility to potentially build another unit, this property is perfect for investors looking to maximize returns in an area with high rental demands. Both homes are move-in ready, making this a great option for investors or multi-generational living, The spacious lot offers ample room for further development, giving the buyers the chance to increase the properties value even more. With an estimated annual rental income of $42,000 and a strong 8.4% cap RATE, this property provides excellent value for investors.Both homes are move-in ready, and the spacious lot offers ample room for further development, giving buyers the chance to increase the property's value even more. Whether you plan to rent all units or occupy one and rent the others, this property offers growth potential and versatility for savvy buyers. Priced to sell, and with easy access to local amenities, this property won't last long! Act now to schedule your viewing and seize this exceptional opportunity.
Last checked:
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Last updated Dec 4, 2024
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MLS# ML81984916 —
This property is listed in more than one place. See it here, and here.
The Building
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Year Built:1939
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Year Built Source:Assessor
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Building Area Total:1301.00
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# of Buildings:2
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Roof:Composition
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Foundation:Concrete Perimeter, Slab
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Stories Total:1
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Accessibility Features:None
Location
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Directions:Take highway 80 to 99 exit 12th Avenue.Turn right, go to the first stop Light Turn left at the light onto franklin, follow to 24th on yout left. Cross Street: Franklin Ave
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Latitude:38.53118851
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Longitude:-121.47199361
The Property
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Property Type:Residential Income
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Subtype:Mixed Use
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Zoning:R-1
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Lot Size Area:6098.0000
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Lot Size Acres:0.1400
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Lot Size SqFt:6098.00
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Lot Size Source:Assessor
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Annual Amount:3900.00
The Listing
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Special Listing Conditions:Standard
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Parcel Number:02200120290000
Heating & Cooling
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Heating:1
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Heating:Floor Furnace
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Cooling:Yes
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Cooling:Wall/Window Unit(s)
Utilities
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Included:No
The Community
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Association:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Off Street, Uncovered
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Parking Spaces:6.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/25/24
Oct 25, 2024
|
Listed / Active | CRMLS_CA | $499,500 |
